By, Temitope Mustapha, Abuja
The Presidency in Nigeria has debunked claims of delayed coupon payments on savings bonds, saying that all financial obligations are being met on schedule.
This was a swift response to a recent Online media publication, Bloomberg report that alleged that the Nigerian government had failed to make timely coupon payments on two savings bonds, citing “system and processing issues” as the cause for the delay.
Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, Mr Bayo Onanuga, challenged the consistency of Bloomberg’s report.
Mr Onanuga said, “Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that Nigeria currently has no outstanding debts and possesses sufficient liquidity to fulfill all its obligations.
“Bloomberg is not correct with this report. Finance Minister and coordinating minister of the economy, Mr. Wale Edun, says that Nigeria does not owe anyone at the moment. We have enough liquidity to meet all our obligations. We do not have any outstanding payments.
“Director General of the Debt Management Office, Patience Oniha, also confirmed that, as of September 19, the Central Bank of Nigeria has processed all due payments. The payment due today, September 20, is also being processed for payment,“the Presidential aide added.
Bloomberg’s article claimed this was the second such delay in two months, involving coupon payments on two- and three-year debt sold in June, totaling 4.2 billion naira ($2.56 million).
Dominica Nwabufo
Comments are closed.