PHOTOS: Kemi Adeosun hands over N100 billion Sukuk bond proceeds to Fashola for 25 road projects
The Minister of Finance, Mrs. Kemi Adeosun, on Thursday handed over N100 billion Sukuk bond proceeds cheque to the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, in Abuja.
The federal government had issued the sovereign debut Sukuk of N100 billion in September, which was successfully completed last week.
The Sukuk bond has a tenor of seven years.
Adeosun said the offer was oversubscribed to the tune of N105.87 billion.
She also said the milestone was a sign of confidence in the Nigerian economy and the administration of President Muhammadu Buhari.