The 25 roads that will be fixed with the N100
billion Sukuk bond proceeds have been released. Kemi Adeosun who is the
minister of finance had presented the N100 billion proceeds to Babatunde
Fashola, the minister of power, works and housing on Thursday, October 5. The
minister had said the proceeds would be used to support the federal
government’s capital spending for 2017
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She said: “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 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 provided by Budgit below: Meanwhile, the
Christian Association of Nigeria (CAN) insisted that it will not accept the
Sukuk bond describing it as a form of islamisiation of the country. In an
interview with The Punch, the general secretary of CAN, Rev. Musa Asake, said
CAN would go to court if need be claiming that it would not accept it
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