The Securities and Exchange Commission (SEC) says the federal government has issued six sovereign sukuk bonds worth N1.1 trillion ($657.6 million) to finance 124 road projects spanning over 5,820 kilometers across the country’s six geopolitical zones. Emomotimi Agama, the director-general of the SEC, spoke during the 2nd international Islamic Capital Market (ICM) conference in Pakistan. Agama said the initiative underscores the potential of the ICM as a resilient and innovative resource mobilisation tool. He said the issuance of the sukuk bonds since 2017 has been a central driver of growth…
Read MoreNigeria Has Issued N1.1trn Sukuk Bonds To Fund 124 Road Projects, Says SEC DG
