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.
There was a mild drama on Monday as the power supply abruptly cut off when…
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and the Minister for the…
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of…
Senators on Tuesday caused a rowdy scene at the plenary as they fought over the…
The Nigeria Electricity Regulatory Commission (NERC) has been directed by the House of Representatives to…
The lingering fuel scarcity across the nation has disrupted the academic activities of schools in…
This website uses cookies.