The Nigerian government has launched a N729 billion bond to address power sector debts as part of the Presidential Power Sector Debt Reduction Programme. Finance Minister Taiwo Oyedele stated this initiative aims to enhance investor confidence and stabilize the electricity supply
The Federal Government of Nigeria is seeking to raise N729 billion from the capital market to enhance liquidity in the power sector, following a successful N501 billion bond issuance earlier this year. Key officials assured investors of ongoing reforms in the electricity industry
The Federal Government plans to raise N729bn through the second tranche of its Power Sector Multi-Instrument Issuance Programme, opening on August 3 and closing on August 14, to address legacy debts in Nigeria's electricity sector.
