By Ezrel Tabiowo
Abuja
The Presidency has shed more light on its bid to obtain $30 billion loan through external borrowing, explaining that the request would cover developmental projects spanning three years and not restricted to 2017 alone.
Making the disclosure yesterday, Senior Special Assistant to the President on National Assembly Matters (Senate) Solomon Ita-Enang, at a press briefing in Abuja stated that the loan request, if approved, could take the country out of recession.
Ita-Enag said: “Remember that this $30 billion dollar 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 the 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 and the apex leadership level and also at the level of the subcommittees levels between the ministers and the committee.
“These are all intended to address and resolve any question which could be thorny in any of the request made by the executive.”
