FG to fund highway projects with Sukuk bonds

The federal government will spend the N150 billion Sukuk bonds being issued by the Debt Management Office in financing 44 ongoing highway projects across the country, the Minister of State for Works and Housing, Abubakar Aliyu, has said.

He said the concerted and sustained effort in road infrastructure financing had positively impacted on the “physical completion of many of the projects”. He said President Muhammadu Buhari has prioritised the provision of basic road infrastructure “because it is a necessary prerequisite for the socio-economic development of any nation.”

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Source: Daily Trust - 🏆 13. / 51 Read more »