By Folasade Folarin/Racheal Ishaya
The Federal Government has decided to use the N100 billion Sovereign Sukuk bonds proceeds to construct 642.69 kilometres of roads across in NIgeria.
The cheque for the money was presented by the Finance minister Zainab Ahmed to Mr Babatunde Fashola, Minister of Power, Works and Housing on Thursday in Abuja.
Fashola said that the money was shared equally among the six geo-political zones, meaning that each geo-political zone would get N16.67 billion for the number of roads to be completed in them.
Giving a breakdown, he said that six roads would be constructed in the North Central, five in the North-East, four in the North-West, another four in the South-East, six in the South-South and three in the South-West.
Fashola said that the impact of Sukuk bond would be felt on nation building through job creation, growth and employment.
He also said that the Federal Government contractors would be the first…
Source: News Agency of Nigeria
