The Presidency has refuted a Bloomberg report claiming delays in coupon payments for the country’s savings bonds, asserting that all financial obligations are being met as scheduled.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, dismissed the report on his verified social media account (@aonanuga1956), describing it as inaccurate.
Onanuga highlighted a statement from Finance Minister Wale Edun, who confirmed Nigeria’s financial stability and affirmed that the country has sufficient liquidity to meet all obligations without any outstanding debts.
Additionally, Patience Oniha, Director General of the Debt Management Office, DMO, stated that the Central Bank of Nigeria processed all payments due by September 19, with additional payments scheduled for September 20.
Bloomberg’s report pointed to “system issues” as the cause of the supposed delays in coupon payments on savings bonds. However, the Nigerian government asserts that these claims are baseless and reassures stakeholders of its dedication to timely debt servicing.
(Vanguard)
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