Naomi Gabriel —

The Ministries of Works and Housing, Federal Capital Territory (FCT), and Niger Delta shared the N250 billion Sukuk IV funds raised in December 2021 by the Debt Management Office (DMO). So far, N612.557 billion has been raised from Sukuk since its inception in 2017.

This was disclosed at the symbolic presentation of Sukuk cheques to beneficiary Ministries in Abuja.

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A breakdown of the N250 billion shows that Works and Housing ministry got the lion share of N210.565 billion, while the FCT got N29 billion. The Ministry of Niger Delta Affairs, on its part, enjoyed a slice of N10.435 billion.