Senate Leader, Ali Ndume in his speech enjoined Senators to be focused on forward looking, noting that the phenomenon was a global one which other countries have successfully overcome.
“The economic recession was not caused by the present government, but a global one and those countries successfully came out of it,” he noted.
Deputy Senate President, Ike Ekweremadu on his part, emphasised on reshuffling of the cabinet by President Buhari to enable him put competent persons I critical sectors.
Dino Melaye (APC), Kogi West Senatorial District, on his part called for outright sack of the economic team as well as some Ministers, explaining some have failed the nation.
“Mr Senate President, we have to tell ourselves the truth at this time of the day, some Minister and Buhari’s economic team have failed and they should be sacked,” he insisted.
Senator George Akume (APC), Benue South Senatorial District in his submission recalled that former President, Olusegun Obasanjo consciously saved over $60billion in Nigeria’s foreign reserve between 1999 and 2003, lamenting that that money was stolen by successive administration.
He wondered that when former Central Bank governor, Sanusi cried out that $20billion was missing, government at that time was busy countering, a situation he explained contributed to the present situation.
Shehu Sani (APC), Kaduna Central questioned sharing formula of the federal monthly allocations, saying, it make Nigeria citizens to be lazy.
According to him: “Nigeria has been in recession and what is happening is that the situation has only been aggravated as a result of laziness and corruption by past administrations.”