The Minister of Finance, Kemi Adeosun, has disclosed that proceeds of the N100 billion Islamic bond, Sukuk, will be released to the Ministry of Works on Thursday.
Adeosun made this known when she appeared before the Joint Committee on Finance and Appropriation of the Senate on Tuesday in Abuja to brief it on the level of implementation of the 2017 budget.
She said that the Federal Government successfully completed the Sukuk bond last week and raised N100 billion, which would be released on Thursday.
“The Sukuk funds are earmarked for roads and will be released on Thursday this week.
“We have kept the capital spending going to ensure that efforts to improve the economy are continuous and seamless.
”There was no interruption in the activities of Ministries, Department and Agencies to ensure that they continued with their projects.
”The…
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