Home Africa Nigeria: DMO raises N1.09trn Sukuk funds for infrastructure — Africa Links 24

Nigeria: DMO raises N1.09trn Sukuk funds for infrastructure — Africa Links 24

Nigeria: DMO raises N1.09trn Sukuk funds for infrastructure — Africa Links 24

Africa Links 24 with News Desk
Published on 2025-03-26 12:31:57

tiamin rice

Debt Management Office, DMO, says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development.

The Director-General of the DMO, Patience Oniha, said this on Wednesday in Lagos, during “an all parties meeting” for the issuance of the seventh series of the Sovereign Sukuk.

She said that for the series, the plan is to raise about N300 billion to be used to finance capital projects.

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