Federal government released 25 road to be constructed with Sukuk Bond, see full list.

The fedal government have identified about 25 major roads to be fixed by the ministry of works, The project will be carried out with the N100b Sukuk proceed. 

Minister of finance Kemi Adeosun, had presented the N100 billion proceeds t her counterpart the minister of power, works and housing Babatunde Fashola, ton Thursday, October 5. Saying, the proceed will be used to support the federal government’s capital spending for  2017.

The proceeds will be used to further support government capital spending for 2017 – the construction and rehabilitation of 25 key economic roads across the six geo-political zones of the country,” the finance minister said. “The roads will ease commuting, spur economic activities across the country and further close our infrastructural gap. Each of the six geo-political zones is expected to receive the sum of N16.67 billion for road projects in their respective zones.

“The north central and south-south zones accounted for five each of the 25 key economic road projects, while the north-east, north-west and south-east have four road projects each. Three projects are to receive funding from the sovereign Sukuk proceeds in the south-west zone.” 

 See full details of theroject below: