The Nigerian government has signed a ₦729 billion bond agreement to address legacy debts owed to electricity generation companies. The deal, part of the ₦4 trillion Power Sector Debt Reduction Programme, aims to improve financial stability in the country’s energy sector. The bond, valued at ₦728.979 billion, includes ₦402 billion in cash bonds raised domestically. The agreement is expected to enhance liquidity and support the long-term sustainability of Nigeria’s power infrastructure. The move comes amid ongoing efforts to modernize the energy sector and attract private investment. Officials emphasized that the bond will help settle verified debts while ensuring continued service delivery to households and businesses.