The Debt Management Office revealed that Nigeria's debt stock increased by N2.381 trillion.
The DMO pointed out that the story referred to documents that are incomplete and do not reflect the whole story.
The FGN Savings Bond is backed by the full faith of the Federal Government of Nigeria.
For the revised budget, the oil benchmark was reduced from $57 per barrel to $28.
According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.
This shows that China is not a major source of funding for the Nigerian Government.
The DMO expects to continue to raise funds through Sukuk to support improvement in infrastructure.
The coronavirus knows no boundaries, so governments across the world are struggling to protect their populations and their economies as best they can.
Nigeria's total debt stock as at December 2019 included N21.7 trillion owed by the Federal Government and N5.6 trillion owed by the state governments.
The Senate raised an alarm that Nigeria’s total debt profile now stands at N33trillion, with the approval of the $22.7billion foreign loan request