FG raises N728.9bn in second bond issuance for power sector debt

Author: Urowayino JeremiahPublished on: September 16, 2026Country: Nigeria

Business & Economy

FG raises N728.9bn in second bond issuance for power sector debt

The Federal Government raised N728.9 billion in bonds to offset a N4 trillion legacy debt owed to electricity Generation Companies. Finance Minister Taiwo Oyedele stated that this second bond issuance includes N402 billion in cash bonds and N326.9 billion in non-cash bonds. This initiative aims to address accumulated obligations that have weakened liquidity and constrained investments in Nigeria's electricity market.

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