Senate, SEC to Convene Summit on Municipal Bonds, Sukuk for Infrastructure
Samuel Mobolaji
The Senate Committee on Capital Markets and Institutions, in partnership with the Securities and Exchange Commission (SEC), will host a national stakeholders’ summit on Municipal Bonds and Sukuk financing for local government infrastructure development.
The two-day summit, scheduled for September 29–30, 2025, in Uyo, Akwa Ibom State, will examine how capital market instruments can unlock sustainable funding for projects in roads, healthcare, housing, water, education, and transport.
Chairman of the Senate Committee, Senator Osita Izunaso, said the theme, “$1 Trillion Nigerian Economy: Infrastructure Financing through the Capital Market,” reflects the urgent need for innovative financing.
He noted that municipal bonds and Sukuk, successfully deployed in several economies, offer viable alternatives to traditional funding and can help reduce local governments’ reliance on federal allocations while fostering fiscal independence, job creation, and economic growth.
Director-General of the SEC, Dr. Emomotimi Agama, emphasised that Nigeria’s infrastructure gap requires long-term funding solutions. He explained that bonds and Sukuk not only guarantee access to capital for developmental projects but also provide investors with stable returns.
The summit is expected to outline strategies for building a robust municipal bond and Sukuk market tailored to Nigeria’s local government structure while promoting collaboration among government agencies, financial institutions, investors, and other stakeholders.
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