President Bola Tinubu has granted anticipatory approval for a N4 trillion bond programme to address Nigeria’s long-standing electricity sector liquidity crisis. The move is aimed at rescuing power generation companies (GenCos), which have been crippled by massive debts owed by the Federal Government over the years. This decision was confirmed by the Special Adviser to [...]The post Tinubu Approves N4tn Bond to Tackle Power Sector Liquidity Crisis, Offsetting Nigeria’s Debt to GenCos appeared first on Tekedia.
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