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FG raises N729bn bond to settle GenCos’ debts

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FG raises N729bn bond to settle GenCos’ debts

15 Sep, 2026

The Federal Government has raised N728.979bn through the second issuance under its N4tn Power Sector Multi-Instrument Issuance Programme, bringing the value of bonds issued under the first phase of the initiative to approximately N1.23tn. The latest issuance is aimed at settling verified outstanding debts owed to electricity generation companies, whose unpaid claims have weakened liquidity and constrained investments across the power sector......................................READ MORE