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Power Crisis: FG raises N501bn Bond to clear Debt Burden
Barely few hours after news filtered in that the national power grid collapsed for a second time this January, the Federal Government on Tuesday, took pragmatic steps, issuing a N501 billion inaugural bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP). The bond is specificali aimed at offsetting legacy debts, restoring liquidity, and strengthening confidence in the Nigerian Electricity SupÂply Industry (NESI). [...]