Sukuk Should be Deployed to Support Health, Agric & Transportation in Nigeria - Dr Mustapha Abubakar
The Federal Government of Nigeria has since 2017 issued three Sukuk Bonds focused on funding roads infrastructure across the six geo-political zones in the nation, which has received with wide acceptance in the market from investors.
Experts and scholars has expressed concerns that there is diversify the way Sukuk is deployed in Nigeria beyond roads infrastructure citing other countries like Malaysia and Bangladesh.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features Dr Mustapha Abubakar a Senior Lecturer in the Department of Banking and Finance in Ahmadu Bello University Business School, Zaria.
Providing his perspective on Sukuk issuance in Nigeria, he made a strong case for it to be deployed to fund sectors like Agric, Health, Education, and Transportation sectors that can drive economic growth and economic stability.