WHAT IS SUKUK?
Sukuk is an investment certificate that represents the ownership interest of the holder in an asset or pool of assets. The certificate entitles the holder to receive income from the use of the assets.

WHY IS THE FEDERAL GOVERNMENT ISSUING SUKUK?
. To fund the construction/rehabilitation of key economic infrastructure projects across Nigeria. such as roads
• To diversify the sources of government funding
• To offer ethical investors an opportunity to invest in government-issued securities.
. To achieve a higher level of financial inclusion
. To serve as a reference for pricing Sukuk issued by other bodies, especially private sector issuers

HOW MUCH IS THE FEDERAL GOVERNMENT RAISING UNDER THIS SUKUK?
N100bilIion (One Hundred Billion Naira Only,

WHAT WILL THE FEDERAL GOVERNMENT DO WITH THE FUNDS RAISED?
The funds will be used lot the construction and rehabilitation of sections of key economic roads across the six geopolitical zones of Nigeria.

Sorne of the roads include the
. Ibadan-IlorIn Road lOyo-Ogbomoso).
. Kolo-Otuoke-Baqlsa-Palm Rd (Venegwe Road Junchon),
. Enugu-Port Harcourt Expressway [Enugu- Lokpanta).
. Kaduna Eastern By-Pass.
. Kano-Maldugurl Road (Potiskum-Damaturul and
. Bridge works (br the Loko-Oweto Bridge over River Benue.

WHO CAN INVEST IN THE SUKUK?
All categories of investors, including:
Retail investors
High net worth individuals
Institutional investors such as commercial banks. insurance/takaful companies. pension funds, asset managers, private banks and others
. Ethically inclined investors
. Cooperative Societies, Religious bodies, state investment companies

WHY SHOULD I INVEST IN THE SUKUK?
- Regular cash flow, as Rental Income will be paid half-yearly to Sukuk Holders
- Rental Income is Tax-free
‘ Safe and risk free investment as they are a direct obligation of the FGN and backed by the full faith of the FGN.

Read more @ https://news.assure.ng/need-know-sovereign-sukuk-application-instructions-download-form/