FG Begins ₦4trn Power Sector Debt Settlement, ₦501bn Bond For GenCos 100% Subscribed

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The Federal Government has taken steps towards resolving an estimated ₦4 trillion power sector debt backlog. 

Government has also issued a ₦501 billion inaugural bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recording 100% subscription from pension funds, banks, asset managers, and other investors.

A Tuesday statement by the Special Adviser to the President…

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