The Presidency said it will not dispute the Senate's decision to reject President Buhari's loan request.
The Senate had on Tuesday, November 1, without debate, unanimously voted against the loan request.
Reacting to the rejection in Abuja, the Senior Special Assistant to Buhari on National Assembly Matters, Sen. Ita Enang, said the Presidency will not dispute the decision of the Senate.
He 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.
"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 are collating the information so that it 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 is 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."
The Senate Leader, Ali Ndume, who expressed shock at his colleagues' decision, also identified some missing documents that should have accompanied the proposal for the reason the lawmakers turned down Buhari's request.