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FG raises N729bn bond to clear GenCos’ legacy debts

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FG raises N729bn bond to clear GenCos’ legacy debts

20 Jul, 2026

The Federal Government is set to issue a second bond worth about N729bn to settle verified legacy debts owed to electricity generation companies, in a move aimed at restoring liquidity to Nigeria’s power sector and improving investor confidence. The planned issuance, which will be preceded by an Investors’ Forum scheduled for Tuesday, July 21, 2026, will complete the first phase of the Presidential Power Sector Debt Reduction Programme, bringing the total value of the first two bond issuances to about N1.23tn.........................….......READ MORE