FG Turns to Bonds to Tackle N6tn Debt

Author: vanguardngr.comPublished on: October 19, 2026Country: Nigeria

Business & Economy

Federal Government debt to electricity generation companies reached about N6 trillion at the beginning of 2026. NERC reported that federal tariff subsidies totalled N1.928 trillion in 2025, or 57.44 percent of NBET invoices, slightly below the 2024 figure. In September 2026, the government signed a N728.979 billion bond issuance under its power-sector debt reduction programme, consisting of N402 billion in cash bonds and N326.979 billion in non-cash bonds. NBET chief executive Akin Odeyemi said settlement had begun for participating generation companies and their associated gas companies.

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