Nigeria owes its most powerful businesspeople billions and is now trying to pay them back with a N3.3 trillion bond backed by the state
Billionaires Africa | 08.04.2026 15:48
For the past decade, some of Nigeria's wealthiest businesspeople have been generating electricity for the country, selling it to the government, and not getting fully paid. That arrangement, uncomfortable as it is, is now the subject of the most ambitious debt settlement in Nigerian power sector history.
