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Nigeria's Minister of Power, Adebayo Adelabu, announced that the Federal Government's N501.02 billion bond issuance is set to resolve the persistent liquidity crisis in the power sector. The initiative aims to clear debts, restore confidence, and pave the way for market sustainability and private investment.
A heated exchange occurred on Tuesday between House lawmakers and acting MD of NBET, Akinnawo Johnson, regarding the company's revenue-generating status during a parliamentary session to assess government revenue performance.
Senators have expressed concern over the financial operations of the Nigerian Bulk Electricity Trading Plc (NBET), which only received N60 million from a total allocation of N858 billion. This raises serious questions about the viability of the electricity sector in Nigeria.
