Nigerian government has announced the approval for the issuance of a second tranche of N100 billion Sukuk bond.
This was mas known at a two-day training on Sukuk structurisation and management in Abuja, that was was organised by the Metropolitan Skills Ltd in collaboration with the ministry of finance, and Standing Committee for Economic and Commercial Cooperation of the organisation of the Islamic Cooperation (COMCEC).
Chief Executive Officer (CEO) of Metropolitan Skills, Ummahani Amin, said: “We are doing the second tranche now because the first one was successful and oversubscribed. N100 billion was involved in the first and the second is on the way.
“So we are looking at the same infrastructure, construction of roads across Nigeria and the six geopolitical zones. This has never happened in the history of Nigeria for infrastructure.”