Presidency Refutes Bloomberg Report On Debt Payment Delays

The Presidency has denied claims of delayed coupon payments on savings bonds, asserting that all financial obligations are being met on schedule, in response to a recent Bloomberg article.
In a post on his X handle, Bayo Onanuga, the special adviser on information and strategy to President Bola Tinubu, challenged the accuracy of the report.

According to Onanuga, the finance minister and coordinating minister of the economy, Wale Edun, has confirmed that Nigeria currently has no outstanding debts and possesses sufficient liquidity to fulfill all its obligations.

He said, “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 confirms 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.”

Bloomberg’s report alleged that Nigerian authorities had failed to make timely coupon payments on two savings bonds, citing “system and processing issues” as the cause for the delay.