Mr Wike said SUKUK management had agreed to fund projects outside its coverage areas, mainly roads and bridges.
The DMO says it is set to expand capital market offerings by listing its N130 billion Sovereign Sukuk on NGX and the FMDQ.
The DMO said the sovereign Sukuk closed on a high note with 165 per cent oversubscription, totalling N130 billion.
“But honestly, we need more funding, at least (an) additional of N500 billion for massive development in road infrastructure.”
Sukuk and Green bonds gained prominence as some of the safest investment portfolios in the last three years.
