The Senate has agreed to revisit the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper it had earlier rejected, Punch reports.
It was learnt that the deal was during series of meeting President Muhammadu Buhari held with Senate President, Bukola Saraki and Speaker House of Representatives, Yakubu Dogara.
The President and Saraki had met three times last week to discuss the $29.9bn loan request earlier rejected by the Senate.
Majority Leader of the Senate, Senator Ali Ndume, on Saturday said the matters would be resolved this week.
“We will deal with the issues this week by God’s grace,” he said.
When asked if the Senate had got a positive response from the Presidency on the issues, he said, “Yes, of course.”
The Chairman, Senate Committee on Media and Public Affairs, Senator Sabi Abdullahi, said, “As it is, we don’t even have any information that will enable us to be diligent.
“We passed the budget and the borrowing plan in the budget was clear, N3.2tn made up of N900bn from domestic sources and the balance from external lenders. But the question is: with the new one that was sent, what have they done with respect to the provisions of the 2016 budget? It is not clear. How are they going to do it?
“Those are the things we presume are in the document that Mr. President said was ‘attached’, which, unfortunately, his officials were careless about and they showed that they are truly incompetent. This is the first time we are seeing information on the budget sent to us without those details. It came as a letter. We saw the letter and it was read.
“Do we have any alternative? No, we don’t. I have seen situations where people have tried as much as possible to create and perpetuate the frosty relationship between the two arms of government. It is unfortunate.”
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