FG begins power debt repayment, says Transcorp CEO

The Nigerian government has initiated the repayment of its N3.3 trillion legacy debt to power generation companies. Transcorp's CEO views this as a significant advancement for the power sector.

The Briefing Africa

May 9, 2026 · 00:18 · 5 min read

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The Nigerian government has initiated the repayment of its N3.3 trillion legacy debt to power generation companies. Transcorp's CEO views this as a significant advancement for the power sector.

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This repayment is expected to improve the financial stability of power generation companies in Nigeria, potentially leading to enhanced electricity supply and sector growth.

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FG begins power debt repayment, says Transcorp CEO