Nigeria’s Federal Government has moved decisively to tackle the long-standing financial burden choking the country’s electricity market, launching a ₦501 billion local bond as part of a broader plan to settle an estimated ₦4 trillion power sector debt backlog. The bond, issued under the newly established Presidential Power Sector Debt Reduction Programme (PPSDRP), achieved full … Continue reading Federal Government Activates ₦501bn Bond To Clear ₦4trn Electricity Sector Debt