The Office of the Special Adviser to the President on Energy welcomes the issuance of the first bond under the Presidential Power Sector Debt Reduction Programme. Issued by NBET Finance Company Plc, a Special Purpose Vehicle (“SPV”) of the Nigerian Bulk Electricity Trading (NBET) Plc, the ₦590 billion Series 1 Power Sector Bond is guaranteed by the full faith and credit of the Federal Government of Nigeria. CardinalStone Partners Limited is the Lead Financial Adviser and Lead Issuing House.

Across Africa, the energy landscape is shifting. Capital is more selective. Project economics face global competition. Investors are demanding speed, reliability, and clarity of execution. In this environment, local content is not a patriotic slogan—it is an industrial strategy. It must unlock value, reduce cost, shorten timelines, and boost national competitiveness. And above all, it must deliver projects at scale.

During the panel, Mrs. Verheijen outlined Nigeria’s energy reforms under President Bola Ahmed Tinubu, emphasizing initiatives designed to attract investment, accelerate the energy transition, and support net-zero ambitions. She highlighted key directives aimed at enhancing sector efficiency, promoting cleaner energy adoption, and ensuring a stable and investor-friendly regulatory environment.