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FG Raises N1.23tn in Fresh Push to Clear Verified GenCo Debt | Mukoko News

HomebusinessFG Raises N1.23tn in Fresh Push to Clear Verified GenCo Debt

business1 min readBy Ogochukwu Onwaeze

FG Raises N1.23tn in Fresh Push to Clear Verified GenCo Debt

THEWILL NEWS

By Ogochukwu Onwaeze·September 15, 2026·Nigeria

AI summary

The Nigerian government raised N1.23tn via bonds to settle debts to GenCos under a debt reduction program.

The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).

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FG Raises N1.23tn in Fresh Push to Clear Verified GenCo Debt

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About this article

Length: 52 words · 1 min read
Published: September 15, 2026
Byline: Ogochukwu Onwaeze
Source: THEWILL NEWS