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FG Set to Issue Fresh N729bn Bond for Gencos as Debt Hits N6.8tn
THISDAY
Jun 30, 2026 · 00:21 WAT
The federal government is finalizing plans to issue a fresh bond of about 701 billion Naira to address outstanding legacy debts owed to power generation companies. This intervention aims to tackle liquidity issues in the country's power sector where overall debts have reportedly reached 6.8 trillion Naira.