The federal government has released the sum of N16.67 billion each to fund the construction and rehabilitation of 25 road projects across the six geo-political zones of the country.
Minister of Finance Mrs Kemi Adeosun on Thursday in Abuja handed over the cheque to the Minister of Power, Works and Housing, Babatunde Fashola.
Sukuk Bond with a tenor of seven years was oversubscribed to the tune of N105.87bn according to the Minister of Finance.
She said the milestone was a sign of confidence on the Nigerian economy and the administration of President Muhammadu Buhari.
Her words, “This is the first Sukuk Bond issuance in Nigeria. It is about financial inclusion and deepening of our financial market”.
She further stated that the roads will ease commuting, spur economic activities across the country and further close our infrastructural gap.
Share this
