• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, October 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Kano Govt Completes Plans For SUKUK Bond

by Abdulmumin Murtala
4 weeks ago
in News
kano
Share on WhatsAppShare on FacebookShare on XTelegram

Kano State government has cocluded arrangements to launch a SUKUK bond, an Islamic financial certificate that mirrors bonds in western finance but adheres to Shari’ah principles.

This was made known by the director-general of the State Debt Management Office, Dr Hamisu Sadi Ali, at the opening of a two-day workshop on Development of Kano State 2026-2027 Medium-Term Debt Management Strategy (MTDS).

Unlike traditional interest-bearing bonds, SUKUK involves selling certificates to investors, who then gain partial ownership in an asset purchased with those funds.

Advertisement

“This innovative financing instrument will not only diversify our funding sources but also align with ethical investment principles, while channeling resources into priority infrastructure projects that will benefit our citizens,” Dr Sadi stated.

He added that while Kano State’s debt remains well within the approved fiscal threshold, the present administration in the state is committed to keeping it that way.

“Our Medium-Term Debt Management Strategy, MTDS, is not just about borrowing; it is about managing risks, reinforcing fiscal policy and creating a strong and sustainable foundation for development,” he added.

RELATED NEWS

NARD Bans Continuous Call Duty Beyond 24 Hours For Members Over Rising Deaths, Burnout

Troops Kill ISWAP Terrorists, Arrest 19 Suspected Drug Dealers

BBC Undercover Investigation Exposes London Met Police As Hub Of Racism, Misogyny, Others 

Resident Doctors Call Off 2-month Strike At LAUTECH Teaching Hospital

According to him, it also helps the state government to reduce macro-financial risks and deepen the domestic capital market by supporting the growth of a functioning government securities market.

He highlighted that the 2026–2027 MTDS represents more than just figures and projections but a roadmap to sustainable debt management, fiscal responsibility, and economic resilience.

“It reflects our collective resolve to ensure that every borrowing decision is guided by prudence, responsibility, and the ultimate goal of improving the lives of our people,” he said.

Join Our WhatsApp Channel

ads

SendShare10169Tweet6356Share
Abdulmumin Murtala

Abdulmumin Murtala

OTHER NEWS UPDATES

Why We Suspended Strike – Resident Doctors
News

NARD Bans Continuous Call Duty Beyond 24 Hours For Members Over Rising Deaths, Burnout

2 hours ago
Troops Kill 11 Terrorists, Recover Weapons In Sambisa Forest
News

Troops Kill ISWAP Terrorists, Arrest 19 Suspected Drug Dealers

2 hours ago
BBC Undercover Investigation Exposes London Met Police As Hub Of Racism, Misogyny, Others 
News

BBC Undercover Investigation Exposes London Met Police As Hub Of Racism, Misogyny, Others 

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

NARD Bans Continuous Call Duty Beyond 24 Hours For Members Over Rising Deaths, Burnout

2 hours ago

Troops Kill ISWAP Terrorists, Arrest 19 Suspected Drug Dealers

2 hours ago

BBC Undercover Investigation Exposes London Met Police As Hub Of Racism, Misogyny, Others 

3 hours ago

Resident Doctors Call Off 2-month Strike At LAUTECH Teaching Hospital

3 hours ago

Nigeria At 65: Fubara Holds Valedictory Session For Old Cabinet Members

4 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.