The Senate President, Dr Bukola Saraki has appealed to Nigerians not to be disturbed about the nation’s 2017 budget as the Presidency would soon sign it and begin its implementation very soon.
This is contrary to claims in some quarters that the Executive would not sign the budget.
Senator Saraki made this clarification at the weekend in Ilorin, the Kwara State capital, while fielding questions from newsmen.
The Senate President also promised Nigerians that the nation would be technically out of economic recession in the next quarter of this year as the government had put in place concerted efforts to drive and improve its revenue base; resolve all issues in the Niger Delta; restore confidence in the market as well as encourage both local and foreign investments.
He said that for the first time in recent times, the Naira had appreciated significantly adding that it would lead to an upward review in investment.
Senator Saraki said the Senate would this week, debate the issue of interest rates charged by banks, as the issue of high banking interest rates was not going to help the nation’s economy grow.
He added that the Senate would hold a round table discussion with the headship of the Central Bank of Nigeria (CBN) and other banks to frankly address the issue and renegotiate.
On the relationship between the executive and the legislative arms of government, he described it as cordial, but explained that under a presidential system of government, there was bound to be conflict since both arms are to serve as checks and balances which at the end of the day , would always be in the interest of the masses.
According to him, the Executive and the National Assembly have a good relationship and are working in the same direction, in the general interest of the country.