The Debt Management Office DMO has reacted to media report to the effect that the World Bank had listed Nigeria among ten high-debt risk nations, dismissing it as false and misleading.
The debt management agency in a statement made available to newsmen said its attention was drawn to a newspaper report with the caption, “World Bank Lists Nigeria, Nine Others as High-debt Risk Nations”.
The DMO noted that the said publication claimed that the World Bank had classified Nigeria as one of the top ten ‘high-debt risk nations’ in the International Development Association Audited Financial Statement for the Fiscal Year 2021 published on Monday, August 9th, 2021.
It described the newspaper publication as not only false and misleading but also suggests an inadequate understanding of the essence of the World Bank’s report.
