Convene emergency session to address Nigeria’s economic recession, Dogara tells Buhari

Speaker, House of Reps, Yakubu Dogara.
Speaker, House of Reps, Yakubu Dogara.

House Speaker Yakubu Dogara on Wednesday called on President Muhammadu Buhari to consider holding an emergency session of chambers of the National Assembly for detailed briefing about the country’s “unfortunate recession.”

Nigeria’s economy plunged into recession last month after contracting for two consecutive quarters in 2016.

Mr. Dogara made the call when he delivered his welcome address to the House of Representatives which returned from an eight-week recess Tuesday.

“I urge Mr. President to consider holding a joint emergency session of the National Assembly to brief both the legislature and indeed Nigerians of his plans to pull Nigeria out of recession,” Mr. Dogara said. “This will provide opportunity for all stakeholders to be on the same page and to act in concert for urgent national recovery.”

Mr. Dogara said a detailed briefing of lawmakers would help bolster existing synergy between the legislature and the executive.

President Muhammadu Buhari addressing the National Assembly during the presentation of the 2016 budget

“We must never miss the opportunity the present travails offer us to launch Nigeria into its rightful destiny and place among the comity of prosperous nations,” he said.

The speaker also raised concerns about the social and economic impact of government policies such as the treasury single account on Nigerians.

“We need to immediately take a second look at the pace of budget execution; the spiralling rise of the dollar against the Naira and the multiple exchange rate regime; the impact of the Treasury Single Account on the economy, investment in infrastructure, tackling unemployment, among others,” Mr. Dogara said.

Mr. Buhari has said his government is working to address the economic crisis and his office said last month that many solutions are being proposed, including sweeping emergency powers for him.

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.

  • Economist

    Editor Premium Times,

    President Buhari wants to take
    the lazy option. He has no plan on how to get Nigeria out of economic
    recession. There’s simply no sense in selling revenue generating assets for
    temporary reprieve only to be broke soon. Both the Liquefied Natural Gas and
    the NNPC are two key revenue generating assets after Customs tax. It is very
    daft of Aliko Dangote to suggest selling such assets when he has not suggested
    selling off the machines inside the Dangote Flour Mills and noodles sections,
    to pay back his own local debts to commercial banks.

    • Celestine Agwu

      ……..Excuse me my people…I no know book O…..i just want to give you my own idea……..
      since Raji Fashola cannot do anything good in his life….and supplies zero megawatts……
      …to put Nigeria in permanent darkness….why don’t we sell Raji Fashola to raise money…..
      …………and use it to pay a more sensible Minister that can take us out of this dark ages?……….
      That will be like privatization of government……but we don’t need to sell all the cabinet O………