The Federal Government on Tuesday disclosed that it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI).

By Obas Esiedesa, Abuja The Federal Government is set to issue a second bond worth about N729 billion to electricity generation companies (GenCos) as part of efforts to clear…

The Federal Government is set to issue a N729bn bond to settle verified legacy debts owed to electricity generation companies, restoring liquidity to Niger