Nigeria Signs N728.979 Billion Series-2 Bond Under N4 Trillion Power Sector Debt Program

The Federal Government of Nigeria has signed a N728.979 billion Series-2 bond under its N4 trillion Power Sector Debt program. The bond issuance is part of the government's broader strategy to restructure and manage the country's power sector liabilities. The Series-2 bond is expected to help stabilize the financial framework of the power industry and support ongoing reforms in the sector.