The Federal Government has finalised plans to launch a N1.23 trillion Power Sector Bond as part of a broader N4 trillion debt programme designed to restore liquidity, stabilise the electricity market and rebuild investor confidence.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed at an Investor Forum organised by the Presidential Power Sector Debt Reduction Committee PPSDRC in collaboration with transaction advisers, ahead of the Phase 1 issuance of the Bond, which is backed by a sovereign guarantee of the Federal Government.
