Federal Government of Nigeria hinted that the coronavirus pandemic has forced it to delay the issuance of its $3.3 billion Eurobond.

Statement by Minister Zainab Ahmed confirms the delay by the Federal Government in the issuance of $3.3 billion Eurobond due to coronavirus.

Statement by Minister Zainab Ahmed confirms the delay by the Federal Government in the issuance of $3.3 billion Eurobond due to coronavirus.Reuters and National Light reported that the Finance Minister Zainab Ahmed told journalists in Abuja that Nigeria would postpone all non-critical government spending and would wait for better market conditions for a planned $3.3 billion Eurobond offering in the wake of coronavirus pandemic. She added that Africa’s largest economy would prioritize major capital expenditures and will defer the issue as it was not critical at the current stage.

The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.