Presidency reacts to Senate’s rejection of Buhari’s $29.96bn loan request

The Presidency says it will not dispute the decision of the Senate to reject the request of President Muhammadu Buhari to borrow 29.9 billion dollars.

The decision of the Presidency was made known in Abuja on Tuesday by the Senior Special Assistant to President Buhari on National Assembly Matters, Sen. Ita Enang while briefing newsmen.

It will be recalled that the Senate on Tuesday threw out Buhari’s loan request.

Ita Enang, a former Senator said the Presidency would provide any additional document to the Senate as it would open up channels for continuous engagement.

“We are not disputing with the distinguished Senate.

“There are certain information and details which will enable them to consider in detail, and appropriately the request of Mr President.

“So we are collating that information. The Budget Office of the Federation, the Debt Management Office, the Minister of Budget and National Planning, Minister of Finance and the economic team are collating the information so that it can be submitted to the Senate to enable them take the appropriate decision.

“We would be engaging the Senate. We will not be disputing with them but we will be engaging with them.

“When we present a matter before the legislature it is for them to consider and as they have considered, more information is needed and that information they are entitled to it and we would provide,” he said.

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