The House of Representatives Speaker, Yakubu Dogara has called for emergency measures to pull Nigeria out of its current economic recession.
In an address to mark the resumption of the House from its annual recess, the speaker stressed the need for increased consultation with economic experts and a concerted, collaborative effort by the legislature and the executive to deal with the crisis.
Dogara said it was unnecessary to trade blames, noting that what was required was that the present government takes responsibility and actions to stimulate the growth of the economy.
“I therefore call on everyone here and indeed the National Assembly to continue giving legislative support to the Executive on all well thought out and effective solutions to our economic problems. More than ever before, we must be prepared to listen more, think more and work more. We must also consult the abundant pool of experts both in Nigeria and abroad to fashion out short, medium and long term measures for dealing with the present crisis and setting our country on the path of sustained economic growth,” he said.
The Speaker stressed that being aware of the alarming state of the citizens’ penury, the House will collaborate with the executive to fine tune limitations in policy formulation and implementation to ensure speedy delivery of services to people to improve their well being.
“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,” he stated.
Dogara gave assurance that the budget reform process has begun, while directing all committees to immediately begin assessment of the 2016 budget implementation.
The House in the plenary advocated for comprehensive measures to cushion the effect of tremor in Southern Kaduna, northern Nigeria.
In a motion unanimously adopted, Sunday Katung said the tremor has affected socio-economic activities in the affected communities.