# 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.

- **Source date:** 2026-10-09
- **Original source:** [Nairametrics](https://nairametrics.com/2026/10/09/nbet-begins-n729-billion-debt-settlement-for-gencos-gas-suppliers/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-nbet-series2-legacy-power-debt-settlement-20261009
- **Markdown:** https://voltformer.com/news/ng-nbet-series2-legacy-power-debt-settlement-20261009.md

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.

[Nairametrics](https://nairametrics.com/2026/10/09/nbet-begins-n729-billion-debt-settlement-for-gencos-gas-suppliers/)

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