Business

N150 billion Sukuk to fund 53 road projects, says DMO 

Director General of, the Debt Management Office (DMO), Ms Patience Oniha, has stated that the federal government will utilize the ongoing N150 billion Sukuk issuance to fund some 53 road projects across the country. 


Oniha, at an investors’ forum yesterday in Abuja, said the 53 roads cover more than 3,000km. 


She explained that the revenue generated through the collection of tolls on the roads would be allocated for the specific purpose of repaying Sukuk.