The Guardian Nigeria News - Nigeria and World News guardian.ng 19 Jul, 2021 04:30 am

Finance ministry to inject N10 billion Sukuk bond into Family Homes Fund’s

Finance ministry to inject N10 billion Sukuk bond into Family Homes Fund’s
Towards achieving affordable housing, the Ministry of Finance, Budget and National Planning and the Family Homes Funds Limited (FHFL)

Towards achieving affordable housing, the Ministry of Finance, Budget and National Planning and the Family Homes Funds Limited (FHFL) have signed an agreement to inject N10 billion Sukuk Bond into the construction of 300,000 low-income housing units.Also, the Chairman, FHFL Board of Directors, Alhaji Suleiman Barau, explained that with the issuance of an N30 billion Sukuk Bond, they will be committed to financing the development of affordable houses and strengthening citizens’ drive to own homes.Femi Adewole, who expressed delight with the initiative, said: “We have successfully completed the issuance of the N30 billion Sukuk Issuance Programme, and the first-ever Security Exchange Commission registered corporate Sukuk to be issued in Nigeria.Femi Adewole and its Chairman, Alhaji Suleiman Barau, while the minister, Mrs.

Zainab Ahmed represented the Ministry of Finance, Budget and National Planning.“We initiated this issuance as one of the measures towards attaining our objective of bridging the housing gap in Nigeria, providing millions of jobs and enabling economic growth,” he remarked.

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