CardinalStone is pleased to announce that the Debt Management Office (DMO), on behalf of FGN Roads Sukuk Company 1 Plc (the “Issuer”), has launched the Series VII Sovereign Sukuk — a ₦300 billion offer aimed at financing the development of key road infrastructure across the country.
The offer is now open and will close on Tuesday, 20 May 2025.
Since its inception in 2017, the DMO’s Sovereign Sukuk initiative has played a vital role in:
- Financing critical infrastructure projects,
- Promoting financial inclusion, and
- Deepening Nigeria’s domestic capital market.
- Key Information
- Minimum Investment: N10,000
- Rental Rate: 19.75% per annum
- Rental Payment: Payable half-yearly and principal at maturity
- Tenor: 7 years
- Use of Proceeds: Construction and Rehabilitation of roads across the six geopolitical zones
- Security: Backed by the full faith and credit of the Federal Government of Nigeria
- Opening Date: May 12, 2025
- Closing Date: May 20, 2025
How to Invest
- Download the subscription form –
click here to download for Companies and click here to download for individuals - Complete and submit the filled form to fgnsukuk@cardinalstone.com
For other relevant documents – 
click here
Questions? Reach out to us at fgnsukuk@cardinalstone.com
