Last month, there was a public outcry over the decision of the Federal Government to offer it’s first Sukuk bonds as a means of raising funds for capital infrastructure. There was a large number of Nigerians who were simply confused as to why there was any need to “borrow Islamic funds” for national projects. [In... Read More

bonds, Buhari, CAN, Islamisation, Musa Asake, presidential blog, road construction, Sukuk

September 25, 2017

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CAN we all just try to understand what Sukuk bonds are already?

Mid-2017, the Debt Management Office of the Federal Government announced that Nigeria will be offering its first sovereign Sukuk bond in a bid to diversify the sources of government funding by opening it up to the non-interest-investing public as well as fund road projects in ALL geopolitical zones of the country. The Sukuk bonds, while being Sharia-compliant –... Read More

Thinking Through

bonds, Budget deficits, Buhari, CAN, Islamic Finance, Islamisation, Islamophobia, road construction, Sukuk, The Dummies Guide

March 24, 2017

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Road repairs: States will be reimbursed through bonds – Fashola

Minister of Power, Housing and Works, Babatunde Fashola has said the Federal Government will reimburse states the money spent on repairs of federal roads. Fashola stated this during a courtesy visit to the Ondo State Governor, Mr. Rotimi Akeredolu, at the Governor’s Office, Akure on Thursday. The minister said President Muhammadu Buhari had announced the... Read More

The News Blog

bonds, federal roads, FG, rehabilitate, road repairs

August 13, 2012

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Lagos is not broke, says Fashola (but, em, it’s drowning under foreign debt)

by Stanley Azuakola Be not afraid, Lagosians, your state is not broke. That was the assurance given by the Lagos State governor, Babatunde Fashola, in an interview he granted to BusinessDay newspaper. Governor Fashola however, did admit the following: His administration has floated two bonds (the N50 billion, 5-year, 13 percent series 1 and the... Read More

babatunde Fashola, banks, bonds, brt, debt, lagos, loans

[The Presidential Blog] Buhari’s plan to Islamise Nigeria has been exposed

CAN we all just try to understand what Sukuk bonds are already?

Road repairs: States will be reimbursed through bonds – Fashola

Lagos is not broke, says Fashola (but, em, it’s drowning under foreign debt)

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