FG Raises N1.23trn to Tackle GenCo Debt
The federal government has raised 1.23 trillion naira through two bond sales to chip away at a four-trillion-naira mountain of legacy debt choking electricity generation companies. Akin Odeyemi, chief executive officer of the Nigerian Bulk Electricity Trading Company, announced the capital haul in Abuja on Monday. The latest issuance brought in 728.9 billion naira under…
