http://www.titopeblog.com/2017/09/how-fg-will-spend-n100bn-sukuk-bond.html

The Minister of Power, Works and Housing, Babatunde Fashola, has said the federal government would spend the N100bn to be raised from the issuance of the Sukuk Bond for the reconstruction and rehabilitation of 25 arterial roads.

The Minister stated this while addressing members of the Manufacturers Association of Nigeria (MAN) who visited him in his office.

He said the sum of N16.7bn would be allocated for each geo-political zone across the country.

Fashola gave some of the prioritised 25 road projects as “the dualisation of Ibadan-Ilorin road, Suleja-Minna road, Kano-Maiduguri Road, Lokoja-Benin road, rehabilitation of Enugu-Port-Hartcourt Expressway and the construction of Kaduna–Eastern bye-pass, amongst others.”

He added that “the ministry is in the process of re-introducing the tolling system on completed Federal Highways in order to sustain the maintenance of these roads.”

The President of MAN, Dr. Frank Jacobs, commended the minister for the on-going rehabilitation of Lagos-Ibadan, and Onitsha-Enugu expressways as well as other strategic roads across the country.

The proposed Sukuk bond, which has been described as a safe and low risk investment, is being issued by Debt Management Office Sovereign Sukuk with a seven-year tenor.

That's good if only it would affect the average Nigerians.

I love the idea of allocating equal amount for each of the Regions. If done as stated then, that's what Nigeria should be like transparency in allocation of Resources.

Nigerian should ask what are the terms and conditions of this sukuk bond for in life nothing is free and nothing comes cheap and easy.
Even pure islamic country will never touch the bond with a long pole.
If you want nigeria to collect the loan click like
if not click share

OK

We would not accept using Islamic Sukuk Bond to rehabilitate those roads.... That is a plan to Islamize the roads

malware:
We would not accept using Islamic Sukuk Bond to rehabilitate those roads.... That is a plan to Islamize the roads

the terms and condition of collecting such loans is very scary. So think well

Redoil:
the terms and condition of collecting such loans is very scary. So think well

What are those terms and conditions please

Redoil:
the terms and condition of collecting such loans is very scary. So think well

tell us the terms and condition......

Islamic bond should not be used to build or repair Eastern roads since yEasterners have phobia for Islam and Muslims. Any flattino that drives on a road constructed with Islamic bond is a bastard.

While one government is collecting interest-free loan to construct roads, one useless government that just past collected interest loans to share and loot with his gang of 40 thieves.