The Senior Special Assistant to
President Muhammadu Buhari on National Assembly Matters (Senate), Senator Ita
Enang, said on Wednesday, that the Federal Government needed the $30 billion
foreign loan proposed by the President to enable the government to cover the
missing gap of development projects.
Senator Enang, who made the
explanation on behalf of the President in a chat with newsmen in the National
Assembly, said the loan request, if approved by the National Assembly, would
take the country out of recession.
The National Assembly had rejected
the loan request when the Senate returned the request to the President on
account of his failure to provide details of the expected loan deal.
But speaking with newsmen in the
Senate, on Wednesday, Enang said: “Remember that this $30 billion request was
not what was to be spent in 2016, 2017 or 2018. It was a projection for three
years, therefore the Senate has remitted it back to Mr President requesting further and it is
still pending in the House of Representatives.
“I am sure you could observe in
recent times the level of consultation between the arms of government at the
apex leadership level and also at the level of the sub-committees; between the
ministers and the committees.
“These are all intended to address
and resolve any question which could be thorny in any of the requests made by
He also stated that the level of
consultations between the executive and the legislature informed the decision
of the President to assent to 30 bills in one fell swoop, adding that the
development was unprecedented in the last one year and six months of the
inauguration of the eighth Senate.
He added that the 2017 budget
process would be smoother than the previous years as a result of what he called