{"id":86592,"date":"2023-04-20T11:49:08","date_gmt":"2023-04-20T10:49:08","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/buharis-govt-speaks-on-debt-repayment-default-to-china"},"modified":"2023-04-20T13:34:51","modified_gmt":"2023-04-20T12:34:51","slug":"buharis-govt-speaks-on-debt-repayment-default-to-china","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china","title":{"rendered":"Buhari\u2019s govt speaks on debt repayment default to China"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, costing N41.31 billion.<\/p>\n

Director General of the Debt Management Office, Patience Oniha, disclosed this on Wednesday, stating that there is no loan obligation to China, which had accumulated to N110.31 billion in two years.<\/p>\n

She stated that as of 2021, Chinese loans to Nigeria stood at $3.59 billion, constituting only 9.4 per cent of Nigeria\u2019s total foreign debt stock of $37.9 billion.<\/p>\n

Oniha added that they are all concessional loans, and there is no need to worry about them.<\/p>\n

\u201cThe public is assured that Nigeria is fully committed to honouring its debt obligations and has not defaulted on any debt service obligations. The media report should therefore be disregarded,\u201d the DMO stated.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, costing N41.31 billion. Director General of the Debt Management Office, Patience Oniha, disclosed this on Wednesday, stating that there is no loan obligation to China, which had accumulated to N110.31 billion in two […]<\/p>\n","protected":false},"author":84,"featured_media":86590,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[1570,2140,97,10267,254,2323],"class_list":["post-86592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-nigeria-2","tag-buhari","tag-china-loans","tag-nigeria","tag-patience-oniha"],"yoast_head":"\nBuhari\u2019s govt speaks on debt repayment default to China - Nigeria<\/title>\n<meta name=\"description\" content=\"The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, cos ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari\u2019s govt speaks on debt repayment default to China\" \/>\n<meta property=\"og:description\" content=\"The Government of President Muhammadu Buhari has refuted claims that it defaulted in the repayment of debt to China, cos ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T10:49:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T12:34:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681975181.39.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"676\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Buhari\u2019s govt speaks on debt repayment default to China\",\"datePublished\":\"2023-04-20T10:49:08+00:00\",\"dateModified\":\"2023-04-20T12:34:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china\"},\"wordCount\":150,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681975181.39.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Buhari\",\"China loans\",\"Nigeria\",\"Patience Oniha\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/buharis-govt-speaks-on-debt-repayment-default-to-china\",\"name\":\"Buhari\u2019s govt speaks on debt repayment default to China - 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