When Governor of the State of Osun,
Ogbeni Rauf Adesoji Aregbesola adopted
Sukuk, an Islamic bond to help the State
execute it projects, his critics were
calling for his head. Many said it was
part of his ploy to islamize Osun. Not
quite long, the government of ‘almighty’
United Kingdom, I mean the British
Government also stated it resolved to
obtain Islamic bond, Sukuk to execute
government projects.
A Sukuk is an Islamic lending system
with no interest charge.
A report according to Nigerian Tribune
also has it that, the Nigerian government
led President Goodluck Jonathan has also
concluded plan to obtain the much
castigated Islamic bond to execute
developmental projects in the best
interest of the nation.
Speaking at the National Conference on
Islamic Banking and Finance in Nigeria,
Wednesday, in Abuja, CBN Governor,
Mallam Sanusi Lamido Sanusi, said that
in view of the potentials of Sukuk to
develop economies in building
infrastructure, the CBN, in conjunction
with other sister institutions like the
Securities and Exchange Commission
(SEC), ICRC, DMO, had assembled a
technical team to explore the prospects
of alternative modes of finance and set
out the procedures for using the modes
in the development of infrastructure.
With these calibre of governments
following suit of Ogbeni Rauf Adesoji
Aregbesola to obtain Sukuk, it is now
crystal clear that Aregbesola is not just a
leader, but a leader that set positive pace
globally.
A very salient question I now ask
Aregbesola’s critics is, is President
Goodluck Jonathan now want to Islamize
Nigeria with his resolved to obtain
Sukuk?? The answer is rhetorical. Let
shun politics of bitterness and
appreciate few of our leaders who are
making progressive impact in this
critical time of our nationhood.
With the adoption of the bond by
President Gooduck Jonathan, a christian,
who is ready to obtain an Islamic bond,
Aregbesola’s critics should bury their
heads in shame. Aregbesola is a
pacesetter; he leads while others follow.
READ THE REPORT ACCORDING TO
NIGERIAN TRIBUNE, WITH THE
HEADLINE: FG plans use of Islamic bond
to build airports, refineries

Fixed

soon