The Senate on Tuesday explained that the level of economic recession being witnessed requires sincere approach by the federal government in a manner that those who have the competence should be allowed to serve in critical sectors of the economy. 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.
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“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.
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“Distinguished Senators, look at my friend Senator Udoma Egba, Minister of Budget and National Planning, as a lawyer, what can he do? He can be at his best in a sector related to his area of competence. ” Ekweremadu added:” The Minister of Finance, Mrs Kemi Adeosun can be assigned to another ministry to give way to a more competent person because of the situation at hand. ”
He, however, cautioned against sales of government assets as being canvassed by some experts, while urging government to learn from Saudi Arabia when they decided to make foreign investors to invest in their assets when they were in recession which eventually paid off. Proffering solutions further, Ekweremadu called for renegotiation with oil majors on percentages been remitted to government, recalling that late Gen. Sani Apache made them to increase their remittances to government and it worked.
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.
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“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.”
I am a metro reporter on Gistmania, I have been publishing news materials for over 5 years
Posted: at 21-09-2016 01:33 PM (7 years ago) | Hero
kayveetee at 21-09-2016 01:36 PM (7 years ago) (m)
That's a good suggestion but shouldn't u help by also sacrificing 2/3 of ur salary & allowances so that the masses will pray & sing praises of ur name. ole burukusssss
Posted: at 21-09-2016 01:36 PM (7 years ago) | Gistmaniac
It seems that you criminals are beginning to realize your mistakes! But Ekweremadu, I don't see dis your naughty suggestion as a solution to Nigeria's economic crisis..
Posted: at 21-09-2016 01:44 PM (7 years ago) | Gistmaniac
waytoheaven at 21-09-2016 02:12 PM (7 years ago) (m)
my country rulers re so ignorant, Nigeria is in a deep recession,yet the entire govt from top to bottom runs their daily need on the most expensive govt compared to the entire world..9ja president owns the highest number of flights in the continent and many more..
Posted: at 21-09-2016 02:12 PM (7 years ago) | Upcoming
osarobo62 at 21-09-2016 02:37 PM (7 years ago) (m)
Ekweremadu has again displayed his ignorance of governmental process. 1) you don't need to be an accountant to become a good minister of finance, neither do you need to be a labour union member to be a good minister of labour....otherwise all legislators should be layers and judges. 2) saudi arabia was never in recession. only the non-oil sector declined into a technical recession ,but the oil sector prevented the country from going into a recession. 3) you and your legislative cohorts are a drain and waste to the nigerian economy....look inward first before condemning others. 4)15 months since your inauguration, how many laws have you made to benefit nigerians?
Posted: at 21-09-2016 02:37 PM (7 years ago) | Hero
Ekweremadu has again displayed his ignorance of governmental process. 1) you don't need to be an accountant to become a good minister of finance, neither do you need to be a labour union member to be a good minister of labour....otherwise all legislators should be layers and judges. 2) saudi arabia was never in recession. only the non-oil sector declined into a technical recession ,but the oil sector prevented the country from going into a recession. 3) you and your legislative cohorts are a drain and waste to the nigerian economy....look inward first before condemning others. 4)15 months since your inauguration, how many laws have you made to benefit nigerians?
. Forget the shameless man whose attention is on his keeping his Appointment.
Posted: at 21-09-2016 02:57 PM (7 years ago) | Gistmaniac
Me Ekwerenmadu I totally agree wit u and Dino Melaye. As for Akume and dat Shehu leave past leaders alone and face dis ur govt of recession. It solution we want not pointing fingers.
Posted: at 21-09-2016 06:45 PM (7 years ago) | Addicted Hero
Amibomatc at 21-09-2016 09:43 PM (7 years ago) (m)
Some idiots who fortunately learn how to type will come here to display their level of ignorance. Mr. Ekweremadu and Melaye are spot on. Though i am not happy with the entire chember as they would pass all the nominees during the screening period, shows that they don´t even care. That as well is what we are withnessing now.
Posted: at 21-09-2016 09:43 PM (7 years ago) | Upcoming
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