The Securities and Exchange Commission has said that the Federal Government issued six Sovereign Sukuk worth N1.1trn ($657.6m), to finance 124 Federal road projects covering over 5,820 kilometers across the six geopolitical zones of the country.
The Director General of the SEC, Dr. Emomotimi Agama who stated this during the ongoing 2nd International Islamic Capital Market Conference in Karachi, Pakistan, Thursday, said the success rate makes the Islamic Capital Market, ICM stand out as a resilient and innovative tool for mobilizing resources.
