FG raises N1.77tn Sukuk fund for Ibadan-Ilorin, Enugu-P/H, 95 other roads – Report

The Federal Government earned N1.77tn from sukuk bonds over a period of four years, according to a report obtained by our correspondent. The N1.77tn sukuk was raised between 2017 and 2021, the report stated. The sukuk bonds, which are sharia-compliant bond-like instruments used in Islamic finance, were issued to finance over 97 road projects across…

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