Nigeria, May 14 -- Nigeria has taken a bold step in tackling its long-standing infrastructure challenges with the launch of a new N300 billion Sovereign Sukuk bond. The bond is aimed squarely at narrowing the country's estimated N18 trillion road infrastructure gap.

This move signals a renewed commitment by the Debt Management Office (DMO) to improve connectivity across the nation and deepen financial inclusion through alternative investment instruments.

This latest Sukuk offering marks the seventh in the series and presents an opportunity for retail and institutional investors to align their funds with tangible national development goals. Structured as a non-interest-bearing Islamic financial instrument, the bond offers a 19.75 percent...