Nigeria’s Debt Management Office (DMO) has hit a major milestone, surpassing N1 trillion in sovereign Sukuk bond issuances as investor appetite continues to grow.
The achievement underscores the growing appeal of ethical finance in Africa’s largest economy and signals confidence in the government’s infrastructure-backed debt instrument.
The DMO on Wednesday disclosed plans to raise N300 billion through Series Seven (VII) Sovereign Sukuk issuance for capital projects nationwide, marking the highest issuance since inception in 2017.