Fashola Takes over N100bn Sukuk Infrastructure Bond Fund earmarked for 28 roads in six geopolitical zones
Chineme Okafor in Abuja The Minister of Power, Works and Housing, Mr. Babatunde Fashola, was yesterday in Abuja handed the second tranche of the
federal government’s N100 billion sovereign Sukuk bond initiated to fund about 28 key road projects across the country. Speaking at the handover ceremony performed by the
Debt Management Office (DMO), the Minister of Finance, Mrs. Zainab Ahmed, disclosed that Pension Fund Administrators (PFAs); Deposit Money Banks (DMB) and retail investors were top subscribers
of the bond. The minister who explained that the seven-year bond was oversubscribed by 132.2 per cent as at December 2018, added that over 642 kilometres of road networks across six
geopolitical zones of Nigeria would benefit from the fund. She added that the PFAs which manages Nigeria’s largest pool of domestic capital of N8.3 trillion pension fund subscribed to the Sukuk bond
by 40.69 per cent or N40.692 billion; followed by the N17.5 billion (17.5 per cent) and N17.32 billion (17.3 per cent) the DMBs and retail investors Continued on page 10
Foreign Airlines Earned $1.7bn from Ticket Sales in 2018... Page 10 Friday 11 January, 2019 Vol 23. No 8668. Price: N250
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Buhari to Campaign in 36 States, Says He Will Win Hits the road on Saturday with Bauchi Govs absent at council inauguration, party explains their presence not necessary Omololu Ogunmade and Onyebuchi Ezigbo in Abuja The All Progressives Congress (APC) has set out campaign plans that will see President Muhammadu Buhari visiting all the 36 states of the
federation with a grand finale rally in Abuja, the Federal Capital Territory. THISDAY gathered from presidency sources at the strategy and inaugural meeting Continued on page 8
Dogara: Northern Elders’ Conspiracy of Silence Fuelling Insecurity Secondus asks APC leaders to explain source of wealth Iyobosa Uwugiaren and Adedayo Akinwale in Abuja The Speaker of the House of Representatives, Hon. Yakubu Dogara, yesterday said northern elders were not doing enough to end the insecurity
in the region, contending that their conspiracy of silence fuelled the escalation of the challenge. Dogara spoke in Lafia during the party’s launch of Continued on page 10
INEC Enumerates Seven-step Procedure for Voting on Election Day... Page 8
STANDING WITH THE PEOPLE... Peoples Democratic Party’s presidential candidate, Alhaji Atiku Abubakar, and party faithful in Lafia, capital of Nasarawa State, during the launch of his campaign in the state…yesterday