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Friday 07th August 2020,
Hope for Nigeria

FG Releases N162.5bn SUKUK Funds For Federal Road Projects

SUKUK Funds

The administration of President Buhari and VP Osinbajo is determined to leave a lasting legacy in Nigeria’s infrastructural landscape through SUKUK Funds.

Rail, roads, bridges are all taking major facelifts where available and new ones being constructed where not.

The sum of N162bn was recently approved to be disbursed across the six geopolitical zones for roads construction.

“This N162bn completes cash settlement for all capital road expenditures in 2020 budget. North Central: 8 roads, North East: 8 roads, North West: 7 roads, South East: 5 roads, South South: 10 roads, South West: 6 roads.’’ �️

This completely debunks claims by certain disgruntled elements that insinuate that the party intends to slow down it’s rehabilitation and construction rate to use the projects as campaign propaganda.

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