FG’s N4 trillion power bonds raise concerns over risky debt-for-debt strategy 

The Federal Government’s plan to issue up to N4 trillion in government-backed bonds to settle legacy debts owed to electricity generation companies (Gencos) and gas suppliers has triggered concerns over its risky debt-for-debt strategy. At the heart of the initiative is a strategic move to convert long-standing IOUs within the electricity market into tradable, FGN-guaranteed […] The post FG’s N4 trillion power bonds raise concerns over risky debt-for-debt strategy  appeared first on Nairametrics.