The Federal Government of Nigeria has successfully raised ₦1.1 trillion through the issuance of six Sovereign Sukuk bonds, which will be utilized to finance 124 critical road projects across the country’s six geopolitical zones .The projects, spanning over 5,820 kilometers, are expected to significantly improve the nation’s infrastructure and boost economic growth.
According to the Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, the success of Nigeria’s Islamic Capital Market (ICM) can be attributed to innovative resource mobilization through Sukuk . The SEC boss noted that the growth of the ICM has been driven by factors such as government-backed Sukuk initiatives, increased investorTinubu urges livestock investors to slash Nigeria’s $1.5bn annual dairy imports awareness, and the adoption of fintech .
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