ABUJA- FOR unanimously rejecting plans by President Muhammadu Buhari to engage in external borrowing of $29.960billion for execution of key infrastructural projects across the country between 2016 and 2018, the presidency said Tuesday, that it would provide the Senate with the needed information.

Speaking with Journalists today, in Abuja, Senior Special Assistant to the President on National Assembly Matters, Senate, Senator Ita Enang who noted that the Executive was not at war with the upper chambers, said that the presidency would engage the senate by providing all the needed documents and materials for the approval of the loan.

Senator Enang said, “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 are contained in the plan. 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 they are collating the information so that they 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’s 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.”

Uchere:
To do what in d first place

AllTheWayUp:



[size=13pt]
Reality setting in now. Senate told Buhari no borrowing . Go and use the recovered loot, if the recovered loot is not enough, recover more, if you need any law to help spend the recovered loot, like you already using the recovered buildings, send the Bill to National Assembly, and we will approve it effective immediately.
Hahaha, why borrow $29.9bn when Diezani returned $90bn?[/size]


Only zombies will keep on falling for Buhari and his cabals lies and propaganda, . . . .

egbonnla:
We should genuinely be worried about the lackadaisical attitude of this administration. What manner of a government will present request to borrow $29.9billion to the senate without attaching blue prints on how the money will be spent?

ephi123:


Thank you. Meanwhile how old is Buhari? Dude has nothing to lose. It's the next generation that will be saddled with needless debt which we can't see anything done with.

saint047:
Nigeria was destroyed by the class of '66 to which Obasanjo, IBB, Abacha, Danjuma and Buhari belong. It's futile expecting them to repair it

obailala:

N3.64tr has been seized from people under investigation but that does not mean N3.64tr is disposable income available to the govt to spend especially when the cases are all still in court. And of course, before those protracted court cases come to an end (for the money to be available), the nation still needs to move forward. Meanwhile the official statement on the funds recovered was clear on this, actual cash recovered is less than N150bn total. We must learn to read beyond catchy headlines and read the true contents of reports, else we end up confusing ourselves. http://www.thisdaylive.com/index.php/2016/06/05/keeping-his-promise-buhari-announces-recovery-of-n3-4-trillion-in-one-year/

Justiyke4u:
How can one propose mortgaging his country and everybody to accept