Business
Nigeria Clears N1.2 Trillion Power Sector Debt to Bolster National Grid
Nigeria's federal government has settled N1.2 trillion of its legacy debt to electricity operators, aiming to stabilize the fragile energy market. The payout is designed to alleviate severe liquidity constraints, secure gas supplies, and pave the way toward expanding transmission capacity to 19,000 megawatts.
Blueprint·October 28, 2026AI-curated
The federal government has paid N1.2 trillion of the N2.3 trillion owed to power sector operators as it works to ease funding constraints, improve gas [...]
nigeriaenergyeconomyinfrastructurepower sector
This story was sourced from Blueprint and rewritten in SEVA editorial voice. Read the full original at the source.