Good people, A few days ago, I shared a personal, non-academic reflection on the recent FGN Sukuk bond rollout. I didn’t expect the level of engagement it would spark—but I’m deeply encouraged by the depth, civility, and diversity of perspectives that have emerged. I will like to update that the Federal Government of Nigeria has officially closed its ₦300 billion Series VII Sovereign Sukuk Bond offer. Opened on May 12 and closed on May 20, 2025, this 7-year bond offers a rental return of 19.75% p.a., maturing in 2032. This closure aligns with the predefined subscription period outlined in the offer circular and does not necessarily indicate that the full amount was raised. While the Debt Management Office (DMO) has not yet released an official statement confirming whether the entire ₦300 billion target was met or if the offer was oversubscribed, the closure signifies the end of the subscription window as planned. I am making this update to thank contributors to my earlier post on this subject whose insights elevated the discussion, you didn’t just share opinions; you educated. One comment I keep revisiting is from PETER EJIMUDO, who said: "In a place like Nigeria, Individuals with illegistate wealth or money outside the banking system—whether from money laundering, ransom, or corruption—is a real concern. Buhari’s coercive approaches didn’t work. But strategic instruments like this attract such funds back into the formal system. For the government, it’s a win. For these individuals, it's a legal channel to reintegrate funds—while earning good returns." We don’t talk about that enough. That perspective alone deepened my entire understanding of government policy strategy. Another comment from Mustapha Bello, who said: “Sukuk bonds may not make you rich, but they’re peace income assets—they bring steady cash flow and help ease financial stress, especially when things get unpredictable.” That term—peace income assets—is something I won’t forget. Because the Sukuk bond, like other fixed-income securities, is deeply tied to investor risk appetite—and it plays a very strategic role in portfolios diversification for people who are risk-averse. Some individuals simply do not like risk—they don't want volatility, speculation, or sleepless nights wondering if their capital will disappear. For these investors: Stocks feel too volatile Crypto feels like a gamble Real estate is capital intensive and illiquid But Sukuk bonds offer stability, predictability, and peace of mind. In short, what started as a post became a classroom—and everyone brought their best self. Thank you one & ALL.