Bloomberg’s recent report titled “Nigeria Says ‘System Issues’ Delaying Coupon Payment on Savings Bond” is inaccurate.

According to Nigeria’s Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, the country currently owes no outstanding payments. Nigeria has sufficient liquidity to meet all its financial obligations, and there is no default or delay in servicing our debts.

Additionally, the Director General of the Debt Management Office, Ms. Patience Oniha, confirmed that, as of September 19, the Central Bank of Nigeria has successfully processed all due payments. 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.

Bayo Onanuga
Special Adviser to President Tinubu
(Information and Strategy)