The Nigerian federal government announced at the end in January 2026, the success of the first 501 bond issue billion naira (about 360 million USD). The operation is part of the framework of the Presidential Power Sector Debt Reduction Programme (PPSDRP), a mechanism for settling the financial arrivals of producers of electricity.

The Nigerian electricity sector is the subject of a major financial transaction. The bond issue transaction was fully subscribed by institutional investors, including pension funds, banks and asset managers. She has for objective to clear claims related to electricity supplied between February 2015 and March 2025, a period marked by an accumulation of debts that has lasted affected the liquidity of producers and hindered investments in the sector. The first phase was structured by Nigerian Bulk Electricity. Trading Plc, through its subsidiary NBET Finance Company Plc. La series 1 includes 300 billion naira raised on the capital market and 201 billion naira in bonds directly awarded to producers attendees.

The funds raised will cover both first installments, estimated at 421.42 billion naira, or about the half of the agreed total.

noted that 5 companies operating 14 power plants have already signed settlement agreements, for a total negotiated amount of 827.16 billion naira, payable in four slices.