Breaking News

Governor Adeleke Cancels Independence Day Celebrations, Directs Statewide Prayer for Nigeria - We’ll support and empower women in the mining sector- Governor Adeleke. - Osun Govt Clarifies Infrastructure Agenda, Says Funding Plan is Sustainable - Eid-el-Maulud: Governor Adeleke Tasks Muslims on Togetherness and Faith - Governor Adeleke Decry Dwindling Number Of Experts In The Medical Field, Described Them As Life Savers - Empower Subnational Governments to Deliver Climate Goals, Governor Adeleke Urges World Community - Governor Adeleke Extols YEMKEM at 60. - Governor Adeleke Greets Orangun of Oke Ila, Oba (Dr.) Adedokun Abolarin, on his Birthday - OSUN STATE SEEKS TETFUND SUPPORT FOR TERTIARY INSTITUTION - Gov Adeleke is set to resuscitate education sector in Osun…TESCOM Chairman - Osun Pensioners: Governor Adeleke is Committed to Payment of Pensions, Entitlements - Adeleke: Development Will Be Restored in Kogi State By Dino Melaye - Re: Absymal Nelglect of Judges Welfare in Osun - Your Government is Delivering on Good Governance, Governor Adeleke Tells Traditional Rulers - We’re Open To Development Partners For The Progress of Our State – Governor Adeleke - Governor Adeleke Preaches Fear of Allah as Muslim Students Society Hails Him For His Support - Governor Adeleke Declares Curfew in Orolu & Irepodun LGs - Averted Plane Crash: Aircraft Engines May Have Been Tampered with – Governor Adeleke’s Aide. - Gov Adeleke’s Imole free medical, surgical outreach is second to non – UNIOSUN CMD - Governor Adeleke greets Hon. Atidade on his birthday

Breaking News

Governor Adeleke Cancels Independence Day Celebrations, Directs Statewide Prayer for Nigeria - We’ll support and empower women in the mining sector- Governor Adeleke. - Osun Govt Clarifies Infrastructure Agenda, Says Funding Plan is Sustainable - Eid-el-Maulud: Governor Adeleke Tasks Muslims on Togetherness and Faith - Governor Adeleke Decry Dwindling Number Of Experts In The Medical Field, Described Them As Life Savers - Empower Subnational Governments to Deliver Climate Goals, Governor Adeleke Urges World Community - Governor Adeleke Extols YEMKEM at 60. - Governor Adeleke Greets Orangun of Oke Ila, Oba (Dr.) Adedokun Abolarin, on his Birthday - OSUN STATE SEEKS TETFUND SUPPORT FOR TERTIARY INSTITUTION - Gov Adeleke is set to resuscitate education sector in Osun…TESCOM Chairman - Osun Pensioners: Governor Adeleke is Committed to Payment of Pensions, Entitlements - Adeleke: Development Will Be Restored in Kogi State By Dino Melaye - Re: Absymal Nelglect of Judges Welfare in Osun - Your Government is Delivering on Good Governance, Governor Adeleke Tells Traditional Rulers - We’re Open To Development Partners For The Progress of Our State – Governor Adeleke - Governor Adeleke Preaches Fear of Allah as Muslim Students Society Hails Him For His Support - Governor Adeleke Declares Curfew in Orolu & Irepodun LGs - Averted Plane Crash: Aircraft Engines May Have Been Tampered with – Governor Adeleke’s Aide. - Gov Adeleke’s Imole free medical, surgical outreach is second to non – UNIOSUN CMD - Governor Adeleke greets Hon. Atidade on his birthday
baptist-elementary-school-ilare-ile-ife
Webmaster January 20, 2017

Education Devt: Bayero University Honours Aregbesola Over Sukuk Bond

Commendations and laurels came the way of the Governor of Osun, Ogbeni Rauf Aregbesola, again on Thursday as he was honoured for his contributory role in the development of Islamic finance system in Nigeria.
baptist-elementary-school-ilare-ile-ife
 
The governor was given the “Leadership Award in Islamic Finance’ on Thursday by the International Institute of Islamic Banking and Finance (IIIBF) of the Bayero University, Kano.
 
The IIIBF said it gave the Governor the award because of his administration’s pioneering role in the issuance of Sukuk Bond in the country. In 2013, Osun became the first state government to issue Islamic (Sukuk) bond in the history of Islamic finance in Nigeria.
 
The Osun initiative has however opened the door for other states and Federal government to explore the huge benefits derivable from the interest-free Sukuk Islamic bond. Other awardees in this category includes, the Emir of Kano, HRH Sanusi Lamido Sanusi and the Chairman of Jaiz Bank, Alhaji Umar Mutallab.
 
In a statement by the Bureau of Communication and strategy in the office of the governor, Governor Aregbesola said the award represented a recognition for his administration’s many trail-blazing zeal in many respects.
 
In the statement signed by the Director of the Bureau, Semiu Okanlawon, Aregbesola was quoted as saying he took Sukuk because of its numerous economic benefits to develop the state.
 
“Sukuk offers huge opportunities and financial latitude for development because of the interest-free policy it offers debtors. It was this opportunity that we seized and utilized through the bonds to upgrade the state infrastructure in the area of education.”
 
“The N11bn sukuk bond Osun took is what is being used to finance some of the schools being built especially the High Schools. Specifically it has helped us change the face of education through the construction of what can be called the best schools in Nigeria today. President Buhari was in Osun in September to commission one of such schools, The Osogbo Government High School.
 
Speaking at the award ceremony, the former Minister of National Planning, Dr. Shamsudeen Usman, said Osun State is the most informed state in Nigeria on Islamic financial system. Usman commended Osun for blazing the trail in the Islamic finances for other to follow.

Leave a Reply

Your email address will not be published. Required fields are marked *