NBET begins ₦728.979bn settlement of legacy power-sector obligations
The payments follow the Series 2 bond issue and cover participating generators and associated gas suppliers.
- Publish date: 2026-10-09
- Category: Standards & Policy
- Original source: Nairametrics
- Reading time: 1 min read
The Nigerian Bulk Electricity Trading company said it had begun settling ₦728.979 billion in legacy obligations to participating generation companies and their associated gas suppliers. The settlement comprises ₦402 billion in cash bonds and ₦326.979 billion in non-cash bonds, following the September Series 2 issue, which raised ₦728.979 billion under the Federal Government’s ₦4 trillion programme. Including about ₦501 billion raised in January, the programme had raised approximately ₦1.23 trillion by the report date; preparations for its second phase were underway.