Nigeria raises ₦729bn bond to tackle power sector debt
The Federal Government has raised ₦728.9 billion through the Series 2 issuance under its ₦4 trillion Power Sector Multi-Instrument Issuance Programme, bringing the total raised under the debt reduction programme to more than ₦1.1 tril
Nigeria's Federal Government raised ₦728.9 billion in Series 2 bonds under its ₦4 trillion Power Sector Multi-Instrument Issuance Programme, bringing total funds mobilised to over ₦1.1 trillion. The issuance signals continued reliance on debt markets to address legacy power sector liabilities, which could ease financial pressure on operators but adds to the sovereign's debt servicing burden.
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