The World Bank has raised concerns over the Federal Government’s ambitious ₦4 trillion bond programme aimed at settling longstanding debts in Nigeria’s power sector, warning that the initiative could create significant fiscal risks if not carefully integrated into national budget frameworks. The global lender noted that while the bond programme provides short-term liquidity relief to power generation companies (GenCos) and gas suppliers, it effectively converts decades-old arrears into formal sovereign debt obligations that must be fully accounted for in government finances. The programme, launched under the Presidential Power Sector Debt…
Read MoreW’Bank warns of fiscal strain, as FG rolls out ₦4tr power bond
