₦3.3trn Power Debt: ₦501bn bond signals investors' confidence in reform programme — GenCos

Power Generation Companies (GenCos) stated that the successful issuance of a ₦501 billion bond in January 2026 reflects growing investor confidence in the Federal Government's Presidential Power Sector Financial Reforms Programme. This initiative aims to address structural challenges in the electricity sector, including unpaid debts and aging infrastructure. The government has reached settlement agreements for 15 power plants, including Egbin Power Plc and Geregu Power Plc, to strengthen the sector.