File: Special Adviser to President Bola Tinubu on Energy, Olu Verheijen
It disclosed that N333bn had so far been paid to eight participating GenCos covering 17 power plants under the first phase of the power sector debt settlement programme.
The government said the successful execution of Series I of the Power Sector Multi-Instrument Issuance Programme had restored investor confidence in Nigeria’s electricity market and laid the foundation for the launch of a N729bn Series II bond to deepen liquidity across the power value chain.
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, disclosed this on Tuesday at the NBET Finance Company Plc Series II Bond Issue Investors’ Forum held in Abuja.
According to her, the Tinubu administration deliberately chose to demonstrate credibility by honouring every obligation made to investors before returning to the capital market for another round of fundraising.
