Thread by @mickiebrownkie

How Much Do You Know About Sukuk Bond?

Sukuk money had no religious colour, it was just a cultural way of lending money that was different from the western way of charging interest.

What the Islamic leading does is to own a part of the assets or collect rent rather than...

..charge interest.

The N100Billion Sukuk Bond which the FG raised was divided into six, each geo political zone got N16.6B.

25 Roads are been impacted across the six zones, some zones have more Roads while some have less Roads but the first point is to ensure equality of zones.

Sukuk Bond Roads;

North East Zone : Reconstruction of Kano - Maiduguri Road, section 2, 3, 4 and 5

South East Zone : Rehabilitation of the Onitsha - Enugu Express
Rehabilitation and Reconstruction of the Enugu - Port Harcourt Dual Carriageway section 1, 2 and 3

North West Zone : Dualization of Kano - Maiduguri section I
Kano - Katsina Phase I
Construction of western bypass of Kano - Katsina Road section I
Construction of the Kaduna western bypass.

South West Zone : Construction and Asphalting Benin - Ore - Ajebandele - Shagamu Roads

Reconstruction of the Ibadan - Ilorin Road, Oyo Ogbomosho section
Reconstruction of Benin - Ore - Ajebandele - Shagamu Roads Phase 4

South South Zone : Rehabilitation of the Enugu - Port Harcourt Road section I
Dualization of the Kolo - Otueke Road
Dualization of the Lokoja -

Benin Road section 2, 3 and 4

North Central Zone : Construction of Loko - Oweto Bridge over River Benue
Dualization of Abuja - Abaji - Lokoja Road section I
Dualization of Suleja - Minna Road Phase 2
Dualization of Lokoja - Benin Road.

The commuters who drive through those roads will tell you that their driving experience has improved and their journey time has reduced which is what the Buhari's admin is committed to from day one.

I wish Mr President @MBuhari many more years as he lead us to the #NextLevelNG