The Federal Government of Nigeria has issued a second bond worth N729 billion to settle verified legacy debts owed to electricity generation companies, aiming to restore liquidity in the power sector and improve investor confidence.
The Federal Government plans to issue a second bond worth approximately N729 billion as part of its Presidential Power Sector Debt Reduction Program (PPSDRP) to address legacy debts owed to electricity generation companies (Gencos) and improve liquidity in Nigeria's electricity s
The Nigerian government plans to issue a N729 billion bond to settle verified debts owed to electricity generation companies. This initiative follows a previous bond issuance and is part of a broader N4 trillion presidential power sector debt reduction program.
