FG Rolls Out ₦4 Trillion Bond to Settle GenCos’ Arrears!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

The Federal Government of Nigeria has approved and finalised the implementation of a ₦4 trillion bond initiative to clear longstanding debts owed to power Generation Companies (GenCos) and gas suppliers in the electricity sector.

What We Know:

• The bond issuance is aimed at settling verified legacy debts and arrears that have plagued GenCos and affected the stability of Nigeria’s power supply chain.
• The move comes after extensive reconciliation efforts by the Nigerian Electricity Regulatory Commission (NERC) and the Ministry of Finance.
• It includes debts from the Nigerian Bulk Electricity Trading (NBET) company and power distribution companies (DisCos).

Why It Matters:

• Clearing these arrears is expected to improve liquidity across the power sector, boost investor confidence, and ensure better energy generation and distribution.
• Gas suppliers, who previously threatened supply cuts over non-payment, will now receive relief.
• It supports the government’s broader reform efforts under the Power Sector Recovery Programme (PSRP).

Citations:

1. NERC Official Statement – Oct. 2025
2. Federal Ministry of Finance – www.finance.gov.ng
3. BusinessDay Nigeria – www.businessday.ng/power-sector-bond-rollout

About The Author

Marian Opeyemi Fasesan

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Managing Editor of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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