Presidency says, $30billion dollars loan rejection won’t affect 2017 budget

   The Presidency says, the rejection of the proposed $29.96bn external borrowing plan of President Muhammadu Buhari-led administration by the Senate would not affect the implementation of the 2017 budget.

   The Special Assistant to the President on National Assembly Matters, Senator Ita Enang, disclosed this while addressing journalists in Abuja.

   It would be recalled that the President had written to both chambers of the National Assembly, asking the legislature to approve the borrowing plan for the execution of key programmes and infrastructural projects across the country, from 2016 to 2018 but  was rejected by the Senate on the 1^st of November 2016.

Enang, however, said the 2017 budget would be successfully implemented without the loan.

  He further said that the President had assented to over 30 bills in one and a half years of his administration.