
FG Begins Settling GenCos' Legacy Debt with ₦333 Billion Payment, Plans ₦729 Billion Bond
The Federal Government has begun settling long-standing debts owed to electricity generation companies (GenCos), paying ₦333 billion under its Presidential Power Sector Debt Reduction Programme while preparing a fresh ₦729 billion bond to clear more verified obligations. The move is expected to improve liquidity in Nigeria's power sector and support more reliable electricity supply.







