President Bola Tinubu says the Presidential Power Sector Task Force has been authorised to raise a N4 trillion bond to settle verified legacy debts in Nigeria’s electricity sector as part of efforts to improve power supply and attract investment.
Speaking during his Democracy Day address on Friday, Tinubu said the initiative would address long-standing liquidity challenges affecting power generation and distribution companies. He added that the bond programme, alongside ongoing reforms under the Electricity Act and efforts to reduce the metering deficit, is aimed at strengthening the power sector and supporting economic growth.
Leave feedback about this
You must be logged in to post a comment.