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FG Sukuk bond: Full list of 25 roads N100bn proceeds will be spent on


Projects that proceeds of the​ N100bn ​Sukuk bond will be spent on have been revealed are..

1.) Dualisation of Lokoja-Benin road: Obajana-Okene in Kogi state - ​N​2,500,000,000 - January 2018

2.)Dualisation of Lokoja-Benin road: Obajana junction-Benin section II phase I: Okene-Auchi, Kogi/Edo states - N​3,000,000,000.00 - December 2017

3.) Dualisation of Lokoja-Benin road: Obajana junction-Benin section III phase I: Auchi-Ehor in Edo
​N​3,166,666,666.67 - June 2018

4.) Dualisation of Lokoja-Benin road: Obajana junction-Benin section IV phase I: Ehor-Benin city, Edo state
​N​3,500,000,000.00 - December 2017

5.) Reconstruction and asphalt overlay of Benin-Ofosu-Ore-Ajebandele-Shagamu dual carriageway phase IV - ​N​6,000,000,000.00 - December 2017

6.) Reconstruction of outstanding section of sections of Benin-Ofusu-Ore-Ajebandele-Shagamu dual carriageway phase III - ​N​5,000,000,000.00 - December 2017

7.) Rehabilitation of outstanding section of Onitsha-Enugu expressway: Amansea-Enugu border
​N​5,166,666,666,67 - December 2017

8.) Rehabilitation of Enugu-Port Harcourt dual carriage section I: Lokpanta-Umuahia in Abia
N​4,000,000,000.00 - March 2018

9.) Rehabilitation of Enugu-Port Harcourt dual carriage sectionII Umuahia tower-Aba township rail
​N​3,750,000,000.00 - December 2017

10.) Rehabilitation of Enugu-Port Harcourt road section III: Enugu-Lokpanta - ​N​3,750,000,000.00 - December 2017

11.) Rehabilitation of Enugu-Port Harcourt road section IV: Aba-Port Harcourt in Rivers- 
​N​3,500,000,000.00 - July 2018

12.) Dualisation of Yenegwe road junction-Kolo-Otuoke-Bayelsa palm in Bayelsa - ​N​3,500,000,000.00
July 2018

13.) Construction of Oju/Loko-Oweto bridge over​ ​River Benue to link Loko (Nasarawa state) and Oweto (Benue state) along route F2384 - ​N​144,708,134.18 - December 2017

14.) Dualisation of Abuja-Abaji-Lokoja road section I (international airport link road junction​)​ – Sheda village. - ​N​3,000,000,000.00 - March 2018

15.) Dualisation of Suleja-Minna road in Niger state phase II (km 40+000-km101+000)
N​3,521,958,532,49 - April 2018

16.) Dualisation of Abuja-Abaji-Lokoja road: Section IV Koton Karfe-Lokoja in Kogi state
​N​3,500,000,000.00 - January 2018

17.) Dualisation of Kano-Maiduguri road linking Kano-jigawa-Bauchi-Yobe - ​N​4,166,666,666.67
March 2018

18.) Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section III (Azare-Potiskum) in Bauchi - ​N​3,500,000,000.00 - December 2017

19.) Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section IV (Potiskum-Damaturu road) in Yobe - N​4,000,000,000.00 - December 2017

20.) Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section V (Damaturu-Maiduguri) - ​N​5,000,000,000.00 - June 2018

21.) Dualisation of Kano-Maiduguri road linking Kano-Jigawa-Bauchi-Yobe and Borno states. Section I (Kano-Wudil-Shuari) in Kano - ​N​5,000,000,000.00 - June 2018

22.) Dualisation of Kano-Katsina road phase I, Kano town at Dawanau roundabout to Katsina border in Kano - ​N​3,000,000,000.00 - September 2018

23.) Construction of Kano western bypass as an extension of dualisation of Kano-Maiduguri road section I
​N​4,000,000,000.00 - May 2018

24.).Construction of Kaduna eastern bypass - ​N​4,666,666,666.67 - January 2018

25.) Dualisation of Ibadan-Ilorin road. Section II: Oyo-Ogbomosho road in Oyo
​N​5,666,666,666.67- December 2017

TOTAL​ – ​100,000,000,000.02





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