The federal government has launched the second tranche of its guaranteed power sector bond, valued at approximately N729 billion.
Taiwo Oyedele, minister of finance and coordinating minister of the economy, announced the development at an investor forum for the bond issuance in Abuja on Tuesday.
Speaking at the event, the minister reaffirmed the federal government’s commitment to restoring financial sustainability in Nigeria’s power sector.
He said the series 2 bond issuance is a strategic milestone in the implementation of the presidential power sector debt reduction programme (PPSDRP), aimed at resolving verified legacy liabilities, restoring investor confidence, and strengthening the financial foundation of the Nigerian electricity supply industry (NESI).
Oyedele noted that the initiative demonstrates the federal government’s resolve to honour its commitments through transparent, market-based reforms that improve liquidity across the electricity value chain while creating a more attractive environment for long-term private investment.
