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Investor Presentaiton

Overview of the FGN Sukuk What is a Sukuk? Why is the Federal Government Issuing Sukuk? The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) defines Sukuk as certificates of equal value representing undivided shares in ownership of tangible assets, usufruct and services or (in the ownership of) the assets of particular projects or special investment activity ⚫ To fund the construction and rehabilitation of key economic roads across Nigeria • To offer ethical investors an opportunity to invest in government-issued securities • To achieve a higher level of financial inclusion • To raise project-type funds What will the funds be used for? • To deepen the domestic financial markets The funds will be used for key economic roads identified by the Federal Ministry of Works and Housing, Federal Capital Territory Administration and the Ministry of Niger Delta Affairs All categories of investors including: • Individuals Who can invest in the Sukuk? • Financial Institutions such as Deposit Money Banks, Insurance Companies, Pension Fund Administrators, Asset Management Companies, Non-interest financial Institutions When will rental payments be made? STRICTLY PRIVATE & CONFIDENTIAL • Cooperative Societies, Religious bodies, State Investment companies • Rental payments will be credited bi-annually, directly to the investors bank accounts as and when due At maturity, principal investments will also be credited directly to the bank accounts specified by the investors in their application forms AND THAT ANDROI 13
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