Tinubu Approves N4 Trillion Bond to Clear Power Sector Debts
[NigerianEye - Nigeria] - 7/10/2025
President Bola Tinubu has greenlit a N4 trillion bond issuance to settle long-overdue debts to power generation companies (GenCos) and gas suppliers, according to a confirmation from Minister of Power, Adebayo Adelabu.The announcement, made during the Expert Forum on ‘Uninterrupted Power: The Industrial Imperative’ organized by the Nigeria Economic Summit Group in Abuja, comes amid ongoing efforts to address liquidity crises that have hamstrung electricity production and investor trust for over a decade. Adelabu described the bond as a game-changer under the Tinubu administration's Renewed (…)
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