Nigeria turns to its billionaires as it moves to pay $2.3 billion owed to power firms to fix Africa’s largest power crisis
Nigeria has enlisted billionaire-backed power firms in a 3.3 trillion naira ($2.3 billion) debt settlement programme aimed at stabilising Africa’s largest electricity market and unlocking stalled generation capacity in the country’s struggling power sector. Nigeria has launched a $2.1 billion debt settlement programme to stabilise its power sector and unlock stalled generation capacity. The initiative…








