Nigeria: Reps Halt N309 Billion Electricity Bond

28 April 2016

Abuja — The House of Representatives, yesterday, halted plans to raise a Federal Government secured bond of N309 billion to finance the "outrageous shortfalls" in the Nigerian electricity market.

The House also called on the Federal Ministry of Power, Works and Housing, and the Nigerian Electricity Regulatory Commission (NERC) and Nigerian Bulk Electricity Trading (NBET) to immediately halt the move to raise the bond.

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