10.04.18
FOR GOD AND COUNTRY
No. 3,039
TUESDAY
N200
NIGERIA’S MOST INFLUENTIAL NEWSPAPER
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Road Projects Financed By N100bn Sukuk Bond, A Promise Kept – DMO BY MARK ITSIBOR, Abuja
The Debt Management Office (DMO) said yesterday that projects being financed with proceeds from N100 billion Sukuk bond represents a promise kept by the federal government.
Oniha
Director-General of the DMO, Ms Patience Oniha, stated this while conducting on-the-site inspection of the road projects that are being funded with the N100 billion Sukuk bonds to determine the extent of work done. The federal government had issued
its debut N100 billion Sovereign Sukuk in September 2017, with a promise that the proceeds will be used to finance the construction and rehabilitation of 25 key economic road projects in the six geopolitical zones of the country. The Sukuk, which has breathed new
Police Recover 425 Illegal Firearms In Abuja Pg. 16
life into some old projects as well as provided funding for new ones, is a financing instrument that is appropriate for the development of infrastructure given that the proceeds from the issuance of Sukuk must be utilised for specific projects, which are agreed upon before the issuance of the Sukuk. The DMO boss said, “Sukuk pro-
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2019 PRESIDENCY
Political Fireworks Begin As 6 PMB Declares Intention To Run FARMERS/ HERDERS CLASH
ECOWAS Moves To Review Movement Treaty 13 Killed in Plateau, Taraba BY JONATHAN NDA –ISAIAH, CHRISTIANA NWAOGU, Abuja AND ANDREW OJIH, Jalingo
In what could be described as last minute response to the deadly and incessant clashes between farmers and herdsmen in Nigeria, the Economic Community of West African Countries (ECOWAS) has said it is set to hold a conference aimed at reviewing and making recommendations on the May 1979 Free Movement Treaty as well as sharing regional data. The minister of Interior, General Abdulrahman Dambazau, made the revelation in an exclusive inter-
President Muhammadu Buhari disembarking from helicopter at the presidential wing of Nnamdi Azikiwe International Airport shortly before departing Abuja for an official visit to the United Kingdom, yesterday.
Presidency Denies Approving 4 N1bn For Arms Purchase
Emefiele Calls For Coordination 31 Of Monetary, Fiscal Policies
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Ekiti Polls: INEC To Tackle Vote Buying 4