The DMO made the clarification in tweets on Tuesday following Buhari’s request to the National Assembly to approve the new borrowing to fund critical capital projects in the 2021 budget.
Browsing: Debt Management Office
The Director-General of DMO, Patience Oniha, offered the explanation on her Twitter handle on Wednesday.
The DMO explained that the MTDS was a policy document that provided a guide to the borrowing activities of a government in the medium-term, which is usually four years
A circular on the official website of DMO states that the two years bond with February 10, 2023 as due date would attract an interest rate of 4.214 per cent per annum.
This was disclosed by the Debt Management Office in a statement on Thursday.
Some economic stakeholders expressed concern that the country remained dependent on oil as the sole revenue generating resource for such a long time without diversification to other revenue generating sources.
In a statement on Saturday, the DMO said the Vanguard story, titled: “Alleged N1.08 billion corruption scandal hits DMO,” was a twisted and distorted information designed by the purveyors to discredit the credible image of the Office.
In a statement issued in Abuja by its Secretary General, Chief Willy Ezugwu, the umbrella body of all registered political parties and associations in Nigeria, noted that “the continued resort to external borrowing at the slightest challenge is not healthy for the country’s future”.
The Federal Government on Thursday began the sale of its third tranche seven-year N150 billion Sovereign Sukuk, the Debt Management Office said.
The DMO said in a circular on its website on Wednesday in Abuja that the five-year re-opening bonds of N20 billion to mature in April 2023 was offered at 12.75 per cent.
The Federal Government will spend the N150 billion Sukuk bonds being issued by the Debt Management Office in financing 44 ongoing highway projects across the country.
The Federal Government has offered for subscription two-year savings bond at 4.131 per cent and three-year savings bond at 5.131 per cent per annum, the Debt Management Office has said.
The DMO made this known in a statement in Abuja on Wednesday
The statement issued by DMO in Abuja indicated that the bond Auction by the DMO, which took place on Wednesday, was highly oversubscribed
The DMO said this in its “Total Public Debt Portfolio” obtained from its website on Wednesday in Abuja
The News Agency of Nigeria reports that the seven-year bond issued at coupon rate of 14.50 per cent on June 13, 2019 would mature on June 13, 2026.
The Federal Government on Monday offered for subscription two-year savings bond at 11.244 per cent and three-year savings bond at 12.244 per cent per annum, the Debt Management Office has said.
The Debt Management Office on Wednesday issued N59.53 billion Federal Government bonds for the three tenors it offered to various investors who subscribed at the auction.
The Debt Management Office on Tuesday said the Federal Government’s savings bonds recorded N13.5 billion worth of investment since inception in March, 2017.
The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office has said.