FG signs N729bn Series-2 bond agreement with GenCos

Author: Urowayino JeremiahPublished on: September 15, 2026Country: Nigeria

Business & Economy

FG signs N729bn Series-2 bond agreement with GenCos

The Federal Government signed a N728.979 billion bond agreement as part of its Power Sector Debt Reduction Programme. The transaction includes N402 billion in cash bonds and N326.979 billion in non-cash bonds. Akinola Odeyemi, CEO of Nigerian Bulk Electricity Trading Plc, stated that this initiative aims to address financial challenges in Nigeria's electricity sector and restore investor confidence.

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