The Chairman, Senate Committee on Local and Foreign Debts, Clifford Ordia, has said his panel will not act under pressure in approving the borrowing plans proposed by President Muhammadu Buhari.
Ordia’s statement came on the backdrop of reports
that the panel was being pressured to approve the borrowing plans despite the inability of some agencies to convincingly defend their proposals.
However, Ordia said his panel was scrutinising the documents before it and would submit its report as soon as possible.
He said, “Some of the agencies have come to defend their borrowing plans before our committee but we are still expecting one or two. I think they will come and defend their submissions when we resume plenary.
“So far, we are making progress and very soon, we will come up with our findings. It is not true that we are under pressure to approve the borrowing plans of the President Buhari administration.
“The borrowing plans had been referred to our committee for the past three months; if we are under pressure, we would have submitted our report in less than one week of its referral. There is nothing like that (pressure) on the Senate.”
