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,”
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 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
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