Economy Revival: Senate issues 13 recommendations to Buhari | Nigeria News Today. Your online Nigerian Newspaper

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The Senate on Wednesday put forward 13 recommendation for the President Muhamamdu Buhari-led federal government on probable ways of reviving the ailing economy. 


The senators made the recommendation at plenary when it commenced deliberation on the economic challenges of the country.

This is contained in a statement issued on Wednesday by the Head, Press and Public Relations of the Senate, Charles Akpan. 

In its recommendation the upper chamber also rejected calls for the sale of the country’s oil assets as it called for a review of the interest rates.
The recommendations include: 

1. The release of looted funds to boost the economy. 

2. Cabinet reshuffle: Suggested that the Finance and Budget and National Planning Ministers should be replaced with competent brains who can provide solution to the crumbling economy. 

3. The Federal Government should renegotiate the price of crude oil with the oil majors. The present contract does not favor the country. 

4. The Government should build confidence in our people. A situation in which our people are seen as corrupt cannot help investment. 

5. Machinery should be put in place to make corruption impossible rather than trying to stop corruption. 

6. Redistribution of income 

7. Revamping the agricultural sector. 

8. Rejects proposal to sell oil assets. 

9. TSA must be revisited; Interest rate by banks must also be revisited. 

10. Body language of Mr. President must change. His body language discourages investment. 

11. Plea bargaining must be encouraged. People are afraid to plea bargaining as they are afraid they may be persecuted. 

12. Sovereign wealth fund should be given legal backing by the National Assembly. 

13. The economy must be diversified.

Post a Comment Default Disqus

  1. Hahahaha! This is a clear indictment of Incompetence.
    Hehehehe! APC wailing wailers!
    Why should you people border and wail? His body language will run the administration and Nigeria will achieve and suppas development never seen before.
    Hehehehe! It don they hot up now! Hunger affects reason. The senator are now talking because I am sure some cannot visit their constituency again. Hungery and starving people will mob them.
    Change dole!
    The screw is tightening.
    Apc! Werepe change!
    APC! Kworshiokor change!
    Sai Baba!

    ReplyDelete
  2. IT SHOULD BE PUT IN PRACTICE ....
    ...NO BI ONLY TALK TALK..

    ReplyDelete
  3. AGAIN, UNA ALLOWANCE TOO MUCH, PLEASE CUT IT LOW @LAWMAKERS

    ReplyDelete
  4. All legislooters should return our money in their custodies!

    ReplyDelete

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