Nigeria Clears N100bn 2018 SUKUK Bond, Boosting Islamic Finance Market

The Federal Government of Nigeria has made the final payment on the N100 billion 2018 SUKUK bond, enhancing Nigeria's credibility in the Islamic finance market. Prof.

Abdulrazzaq Alaro highlighted the significance of this milestone, marking the second consecutive year of successful SUKUK bond payments. The bond issuance aims to address infrastructure challenges, with funds dedicated to road projects across the country.

This achievement showcases Nigeria as a reliable partner in the global SUKUK market, attracting investors and promoting sustainable economic growth.