The federal government has approved the refinancing of approximately ₦4 trillion in power-sector debts owed to 27 generation companies for unpaid invoices dating from 2015 to 2023. According to Finance Minister Wale Edun, the exercise—expected to conclude within a few weeks—will be coordinated by the Debt Management Office using market instruments. Officials say the move is designed to stabilize the electricity value chain, unlock investment, and complement recent tariff reforms targeted at high-consumption urban bands. Authorities project savings from reduced subsidies and better liquidity management, while consumer groups are urging transparent tracking of proceeds and service improvements.
