FG pays N330bn to GenCos, issues N729bn bonds to investors

Vanguard (Nigeria)

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).

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FG pays N330bn to GenCos, issues N729bn bonds to investors

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