According to the Securities and Exchange Commission, the capital market has raised N176 billion in four years and has the ability to overcome the country’s infrastructural gap.
The Executive Commissioner, Operations, SEC, Mr Dayo Obisan, mentioned this during his speech at the annual conference of the Finance Correspondents Association of Nigeria in Lagos, according to a statement received on Sunday.
According to Obisan, many solutions may be considered, including Sukuk, which would be closely tied to each project and used to provide credit to bridge the gap.
He stated that, “There are many options that can be explored to bridge the infrastructure gap. One of them that has been used in the past is Sukuk. In the last three to four years, Sukuk has been used to raise funding for critical projects in various sectors of the economy.”
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