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Saraki offers 14-point plan to resuscitate economy

20 September 2016, 19:15

Abuja - Senate President, Bukola Saraki, has listed various recommendations for the executive to convince local and international investors to conduct business in the country.

Presenting his welcome address to the lawmakers on Tuesday, he listed 14 steps for the government to consider.

He has called on the executive to immediately put in place leadership-level engagement platform with the private sector.

“This must be one that is pro-business and shows unequivocally that government is ready to partner with the private sector towards economic revival. This is a critical signpost towards market confidence which is a key ingredient to help us revamp the economy out of recession,” Saraki said.

The Senate President also asked the executive to raise capital from asset sales and other sources to shore up foreign reserves.

Also read: Recession: FG makes move to boost economy

Such measures include part sale of Nigeria Liqufied Natural Gas Holdings, reduction of government share in upstream oil joint venture operations; sale of government stake in financial and the privatization and concession of major/regional airports and refineries.

“This will calm investors, discourage currency speculation and stabilize the economy,” said Saraki.

Saraki also urged the executive to engage in dialogue with those aggrieved in the Niger Delta and avoid an escalation of the conflict in the region.

“The National Assembly is very ready to play any role in the process and offer ideas on approaches that will deliver quick win-win in order to move the region and the economy forward.”

The Senate President said the agricultural sector and the agro-allied businesses should be directly supported to boost value addition and job creation.

He assured that the Senate was ready to receive and consider expeditiously any additional proposals from the executive to create a “new Nigerian economy” and overcome economic challenges.


- CAJ News


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