Senate Summons Adeosun, Udoma Over Economy

The Minister of Finance, Mrs Kemi Adeosun and her Budget and National Planning counterpart, Sen. Udo Udoma have been summoned by the Senate to brief Nigerians on developments in the economy. Chairman, Senate Committee on Media and Public Affairs, Sen. Sabi Abdullahi, made this known when he briefed newsmen on Tuesday in Abuja.

Abdullahi said that the invitation of the ministers was to get assurance on measures being put in place to prop-up and continuously support the economy to forestall relapse to recession.

He recalled that it was on the floor of the Senate that Nigeria was declared to be technically in recession.

According to him, we had cause to discuss the issue of recession that came up last year.

“We are glad that we have at least exited recession by virtue of the 0.55 per cent marginal growth we have recorded.”

Abdullahi, however, said that there was need for managers of the economy to explain its state to citizens, especially with the issues of recession.

He urged the economy managers to step-up their jobs in order to consolidate current gains and avert any relapse to recession.