Efforts by the Federal Government FG to address debts owed electricity generation companies GenCos may be facing increasing challenges as the debt burden rose 62.5 to N6.5 trillion at end 2025, up from N4trillion recorded at the beginning of the year.
The government had flagged off the funding program through the issuance of N590 billion Series 1 Power Sector Bond in mid-December 2025, as part of a plan to raise N1.23 trillion by the end of the first quarter of 2026 to improve system liquidity in 2026.
