Presidency Will Further Engage Senate on $29.9bn Loan Request – Enang

The Senior Sspecial Assistant to President Muhammadu Buhari on National Assembly Matters, Sen. Ita Enang, said the Presidency has taken no offence in the rejection of the President’s $29.9bn loan request by the Senate on Tuesday.
He disclosed rather the Presidency would further engage the Senators on the issue.
The Senate on Tuesday rejected the request of Buhari to borrow $29.9bn as part of its external borrowing plan for 2016 to 2018.
Enang, therefore, said that the Presidency would not be disputing with the Senate but would rather engage them on the issue that had been raised.
“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.
Also, Senate Leader, Ali Ndume, said that technical issues were the reason the Senate voted against the foreign loan and not out of malice.
He said the letter that followed the request stated there was an attachment whilst there was none.
“The problem came on a technical ground; it is supposed to go to the committee level and the committee is supposed to take a look at it.
“I am going to appeal to my colleagues to take a look at it again and see how we are going to bring it back.
“One of the technical things that was missing is that in the letter, if you read it, says: ‘attached is a draft’ but there was no attachment.
“So, these are some of the lapses that we will look at in bringing it back.
“We were thinking that there was going to be details but there was no detail of the borrowing plan.
“I believe that those will be included in the next one”, he said.

Author: News Editor

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