Power Firm Backs FG’s Bond Plan in N3.3trn Debt Settlement

Leadership | 08-04-2026 11:14pm |

The managing director of First Independent Power Limited, Seyi Sobogun, has said the successful raising of N501 billion through a bond issuance in January 2026 underscores growing investor confidence in the federal government’s Presidential Power Sector Financial Reforms Programme (PPSFRP), designed to tackle Nigeria’s N3.3 trillion electricity sector debt. The federal government had introduced the

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