President’s N4trn bond programme is resurrecting Nigeria’s power sector—Olu Verheijen, Adviser on Energy

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The Nigerian government has initiated a N4 trillion bond program aimed at revitalizing the country's power sector, addressing longstanding financial and infrastructural challenges. This initiative is critical for ensuring reliable electricity for the nation's economic stability.

For more than a decade, Nigeria’s power sector laboured under a burden that made reliable electricity commercially impossible. The problem was not merely infrastructure—though the gaps were severe. The fundamental challenge was financial. Years of unpaid obligations had accumulated across the value chain, eroding the credibility of market commitments and making it impossible to attract capital […] The post President’s N4trn bond programme is resurrecting Nigeria’s power sector—Olu Verheijen, Adviser on Energy appeared first on Vanguard News.