The Director General of SEC, Emomotimi Agama, disclosed this on Thursday at the 2nd International Islamic Capital Market Conference in Karachi, Pakistan. Agama said the road projects covered over 5,820 kilometres across the six geopolitical zones of the country. He said the success rate made the Islamic Capital Market stand out as a resilient and innovative tool for mobilising resources.
He disclosed that sub-national and corporate Sukuk issuances were also growing in the country. According to him, Nigeria can boast of 14 Halal mutual funds with a net asset value exceeding N105 billion as of November 2024. ”Beyond Sukuk, the ICM segment in Nigeria offers diverse investment opportunities. ”From one registered fund in 2008, the segment currently boasts of 14 registered Halal mutual funds with a net asset value exceeding N105 billion as of November 2024.