We’ll provide details of $29.96b loan soon – Presidency
The Presidency on Tuesday reacted to the rejection of the $29.96 billion loan application by President Muhammadu Byhari by the Senate.
The Presidency said the details of the loan will be provided to the National Assembly very soon.
The Senior Special Assistant (Senate) to the President on National Assembly Matters, Senator Ita Enag, told the newsmen that details of the borrowing plan will be made available to National Assembly very soon.
It was gathered that the Senate rejected the request because the borrowing plan and other details were not attached to the letter to the Senate by Buhari.
Enang said: “We are not disputing with the distinguish senators.
“There are certain information and details which will enable them to consider in details and approximately the request of Mr. President that are contained in the plan.
“So we are collating that information.
“The Budget Office, Minister of Finance, Debt Management Office and Minister of Budget and National Planning and the Economic Team, they are collating the information so that they can be submitted to appropriate section.
“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.”