Menu Close

Savings Bond: Nigeria disproves Bloomberg’s report, affirms ‘no outstanding payments’

*Olawale Edun, Minister for Finance and Coordinating Minister of the Economy, asserts Nigeria ‘currently owes no outstanding payments’, stating the country has ‘sufficient liquidity to meet all its financial obligations, and there is no default or delay in servicing our debts’ thus far

Isola Moses | ConsumerConnect

The Federal Government of Nigeria has described Bloomberg’s recent report titled, “Nigeria Says ‘System Issues’ Delaying Coupon Payment on Savings Bond”, as “inaccurate and unfounded” as far as bond payments to beneficiaries are concerned.

Reacting to the said report, Mr. Olawale Edun, Honourable Minister for Finance and Coordinating Minister of the Economy, asserted that the West African country “currently owes no outstanding payments.”

Mr. Olawale Edun, Honourable Minister for Finance and Coordinating Minister of the Economy

Mr. Bayo Onanuga, Special Adviser to President on Information and Strategy, stated the Minister also explained that “Nigeria has sufficient liquidity to meet all its financial obligations, and there is no default or delay in servicing our debts.”

Besides, the Federal Government noted Ms. Patience Oniha, Director-General of the Debt Management Office (DMO), confirmed that as of September 19, the Central Bank of Nigeria (CBN) had “successfully processed all due payments.”

The statement added: “The payment scheduled for today, September 20, is also being processed on time.

“Any suggestion of systemic financial issues causing delays in bond payments is unfounded.”

Kindly Share This Story

 

 

Kindly share this story