The Federal Government has raised about N1.23 trillion through two bond issuances to address N4 trillion legacy debt owed to electricity Generation Companies. Mr Akin Odeyemi, CEO of Nigerian Bulk Electricity Trading Plc, disclosed this in Abuja. The latest Series 2 issuance raised N728.9 billion, following N501 billion from Series 1 in January. Series 2 involved 11 GenCos, up from eight in the first issuance, reflecting growing stakeholder confidence.
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