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FG Set to Issue Fresh N729bn Bond for Gencos as Debt Hits N6.8tn

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FG Set to Issue Fresh N729bn Bond for Gencos as Debt Hits N6.8tn

30 Jun, 2026

The federal government has said it is progressing arrangements for a second tranche of about N701 billion to settle part of the power sector’s legacy debt to Generation Companies (Gencos). This is as the Association of Power Generation Companies (APGC), accused the government of excluding them from the design of the bond programme and forcing terms on member firms......................….......READ MORE