Senate to host debate on economy

Senate to host debate on economy
September 14 10:34 2016

Senate President, Dr Bukola Saraki has announced plans by the Senate to host a comprehensive debate on the economy as part of its contribution to efforts towards getting the country out of recession.

Saraki also said the Senate will hold Minister of Finance, Kemi Adeosun and her Budget and Planning counterpart, Udo Udoma as well as other managers of the economy accountable to Nigerians.

The Senate President said he was aware 
Nigerians were really suffering, 
but told journalists in Ilorin the
 major preoccupation of the Senate 
upon resumption in September
 20, would be on finding solutions 
to the economic recession.

“We are going to have an
 exhaustive and comprehensive
 debate on fixing the country’s 
economy when we resume next
week,” he said.

“Already, all the economic
 priority bills are being analysed
 and collated so that we can hit the
 ground running when we resume.
 We understand the pains that
 Nigerians are going through and
 we do not take this for granted.

“Additionally, the Senate intends
 to invite everybody involved in 
the management of the economy 
to address the Nigerian people
 through the parliament on the 
steps that are being taken to get
 us out of this mess,” he said

“We fully intend to hold 
all those involved in the economic
 management of the country

“However, we will do so in a
 manner that is transparent and 
beneficial to the country as a 
whole,” he said.

He added that it was important for the
 Legislature to start asking questions that will 
lead to plausible solutions.

“We need to ascertain our actual level of
 borrowing and what effect the devaluation of
 the naira has had on our economy.

“In every crisis, there is always an
 opportunity for positive reforms, in this 
regard, in order to solve this crisis, all hands
must be on deck.

“Ideas should be sourced from all quarters, all 
arms of government, people of different
 political beliefs, from all socio-economic
 backgrounds and every part of Nigeria must
 work together at this time,” Mr. Saraki said.

He harped on the need for Nigeria to
rally its best economic minds both from within 
the country and in the Diaspora in order to 
tackle the economic recession.

“This recession does not identify with any one 
party, we need to tap into the expertise of our
 best economic minds to come up with plans 
that both the executive and the legislature can 
evaluate and implement”, he said.