NBET Power Debt Settlement Initiative

The Nigerian Bulk Electricity Trading Plc has initiated payments totaling N728.979 billion to power generation companies and gas suppliers, aiming to alleviate longstanding debts and improve electricity reliability for consumers.

The Nigerian Bulk Electricity Trading Plc has initiated the settlement of N728.979 billion in debts to power generation companies and gas suppliers as part of President Bola Tinubu’s Power Sector Debt Reduction Programme.

NBET has initiated the settlement of N729 billion in debts owed to Generation Companies and gas suppliers, following the issuance of bonds under the Federal Government's Power Sector Multi-Instrument Issuance Programme, aimed at improving the electricity sector's financial stabil