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.
“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.