FG signs ₦729bn bond agreement with GenCos

Author: NwaforPublished on: September 15, 2026Country: Nigeria

Business & Economy

FG signs ₦729bn bond agreement with GenCos

The Federal Government of Nigeria signed a ₦728.979 billion bond agreement as part of its Power Sector Debt Reduction Programme. The transaction includes ₦402 billion in cash bonds and ₦326.979 billion in non-cash bonds. Akinola Odeyemi, CEO of Nigerian Bulk Electricity Trading Plc, stated that this agreement is a significant step towards addressing the financial challenges in Nigeria's electricity sector.

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