Fidelity bank banner Bayelsa State banner
Senate celebrates as economy said to rebound

By Mayowa Okekale, Abuja on 06/09/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,606

•The Senate in session.
•The Senate in session.

The Senate on Tuesday applauded the report by the National Bureau of Statistics (NBS) that showed Nigeria’s economy finally staging a comeback.

In a statement signed by Senator Aliyu Sabi Abdullahi, its spokesperson and Chairman of the Senate Committee on Media and Public Affairs, the Senate emphasised that it was truly commendable that after five consecutive quarters of contraction, the Nigerian economy grew by 0.55% in the second quarter of 2017.

Abdullahi also stated that the improved performance of the trade, manufacturing, agriculture and oil sectors, were an indication that with carefully aligned policy and legislative interventions, Nigeria’s economy could thrive beyond current forecasts and expectations.

“The Senate received Q2 NBS economic report with great excitement,” the Senate spokesperson said.

“We are delighted that government’s response to the economic recession has started to yield tangible results.

“The public will recall that in the days following the announcement of the 2016 recession, the Senate initiated steps and tabled 21 recommendations that it submitted to the executive for immediate action. We also listed out economic priority Bills, many of which have now been passed, or at the final stage.

“We are also happy to note that many of the economic recommendations, specifically in the areas of retooling our agriculture and trade policies were adopted. This shows that ‘all hands on deck’ approach was necessary from both branches on government,” he stated.

Abdullahi further noted that although the nation is now out of the recession, the Senate remains committed to seeing that the unemployment rate and high cost of living in the country is brought down.

“The rising unemployment in the country is an issue that is of much concern to all of us. Additionally, the rising cost of food prices and basic services in the country still affects millions of households. This is why we will continue to work on our laws, specifically in the areas of access to credit to promote more opportunities for small business owners; and opening up more sectors to private sector participation, so that there will be more competition in our markets — which will lead to lower prices.

“We will also continue to work with the executive to ensure that our policy and legislative objectives, specifically as they relate to the economy, are well-aligned,” the Senate spokesman said.

Source News Express

Posted 06/09/2017 4:29:31 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Nasarawa lawmakers to spend 122m on monthly salaries...

Bayelsa Govt. endorses Operation Crocodile Smile II, Army...

Fuel importation to continue despite revival of refineries...

Bye-election inflicts hardship on Lagosians

Catholic Bishop recommends Ghana-style anti-corruption war to Buhari...

NNPC laments negative publicity, warns of consequences for...

1,098 Abia indigenes to write Police recruitment exam...

2018 Budget: Buhari’s supporter calls on Shekau to...

3 serving Southeast Governors soon to join APC:...

Why MUSLIMS DON’T CELEBRATE Valentine’s Day

APC seeks investigation into brutalisation of Enugu Perm...

Boko Haram invades another Yobe town

 

Latest News 2019: Ambode offered ‘big federal job’ to abandon governorship bid Woman sells baby to raise money for Christmas Delta community petitions Buhari over Army’s refusal to return occupied land Leadership tussle tears Enugu APC apart Disease outbreak looms as floods spread National Assembly passes another amended version of Electoral Act Amendment Bill Buhari, 87 other Presidents to address 73rd Session of United Nations General Assembly Over 100,000 cases pending in Federal High Court, CJ reveals Ohanaeze seeks to promote Igbo language in Lagos 1.3bn people at risk of tuberculosis — WHO Flood: Obiano summons emergency meeting of stakeholders Enelamah calls for active collaboration between private sector and government

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (394,281 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (375,616 views) Shameless Genevieve Nnaji exposes breasts in public (307,112 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (249,748 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (231,256 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,115 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (199,214 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (180,833 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (164,913 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (162,910 views) Lagos plane crash: Journalist releases victims’ names (157,569 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,458 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (62) Business & Economy (3,608) Business Verdict (51) Columnists (927) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (546) Features (651) Global Business Monitor (299) International (2,407) Interview (164) Live Commentary (28) Love Matters (143) News (38,968) Opinion (1,105) Pidgin (11) Politics (6,626) Religion (866) Sports (1,693) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement