The Federal Government of Nigeria has successfully repaid its first ever Sovereign Sukuk of N100 billion, issued in 2017, thus fulfilling all obligations to investors and reinforcing its commitment to transparent and responsible debt management.
This milestone was announced on Monday at the Investor Meeting hosted by the Debt Management Office (DMO) in Abuja, during the formal issuance of a new N300 billion Series VII Sukuk.
It was disclosed that all investors in the 2017 Sukuk have received full redemption of their investments, having earlier been paid their rental returns.
It could be recalled that the current APC federal government led by President Bola Ahmed Tinubu, GCFR, had recently cleared Nigeria’s indeptedness to the International Monetary Fund (IMF).
