With respect to the loan Nigeria obtained from China, the Debt Management Office (DMO) has refuted the media report making the rounds as false.
The report making the rounds claims that Nigeria defaulted in loans repayment to China.
According to a statement by the DMO in Abuja on Wednesday, Nigerians have been advised to ignore the report and see it as false.
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The recent news report had quoted the DMO as saying that Nigeria failed to fully service its debt to China, which had accumulated to ₦110.31 billion in the last two years.
The statement read in part that “the attention of the DMO has been drawn to a publication by some media houses claiming that Nigeria has defaulted in debt repayment to China for which it claimed penalty stands at ₦4.31billion.
“A closer look at the media publication shows that the body of the publication is completely detached from the headline.
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It gives the impression that the publishers of the report may have set out to mislead the public.
“The public is assured that Nigeria is fully committed to honouring its debt obligations and has not defaulted on any of its debt service obligations,’’ the DMO said.
