Shell Energy Entrepreneurs banner Yudala banner
Saraki assures on sustainable economic policies

By Mayowa Okekale, Abuja on 29/02/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 1,274


Senate President, Dr. Abubakar Bukola Saraki, has said that the 8th Senate will collaborate with the Executive to ensure that the policies and programmes of the present administration aimed at reviving the economy are sustained on a long-term basis.

Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, in Abuja, stated this when he received the national executive of the Nigerian Mining and Geosciences Society (NMGS), led by its President, Professor Olugbenga Okunola.

He said the Senate is on a mission to ensure that the country harnesses her non-oil resources and achieve full diversification of the economy.

Saraki said: “For us in the 8th Senate we have said it that our focus is to continue to give support to those sectors of our economy that will provide employment, increase the earnings of government and the growth of the economy in general.

“And if you are talking about the growth of the economy, you have to give particular consideration to the mining sector. And what do we need to do to get that done? I want to assure you that the message I will like you to take away is that the 8th Senate is ready to give all the support in ensuring that we truly begin to harness the hitherto the unexplored and neglected potentials that we have.

“We have been talking about these potentials for a long time. It is time to talk about realising the potentials and translating them to economic power. How to bring that about is our own vision and mission.

“We have all seen the downside of being a mono-product economy. We are all suffering from it now. When you see what is happening to our revenues, our foreign exchange inflows and particularly what is happening to even the foreign exchange rate due to our over dependence on crude oil.

“The projections that it is going to be down for a couple of years means that any serious minded country needs to look at the options available. And some of the things we are seeing now is because there is a lot of speculation out there.

“A lot of the speculators believe that we don't have the political will to see through some of the policies and programmes aimed at diversifying the economy and that is why you see a lot of them are betting against the Naira. That is why you see all of a sudden, the Naira is rebounding because they are beginning to see that it appears that this government is committed on its policy.

“I want to assure you that we are committed. The political will is there. We are very determined to see that we diversify. All these things you are talking about are well known to a lot of us. The frustration has een that we have not been able to see it through. I want to assure you that this Senate is committed to ensure that we support the executive in sustaining these long-term polices. This is important and that is where we must start from.”

Earlier, Professor Gbenga Okunola said that NMGS was visiting the Senate President to, among others, appreciate what the 8th Senate has been doing.

He said: “We have been talking about diversification of the nation’s economy over the years. . . I think as a society, as professionals, this is what we have been clamouring for over the years that we are sitting on buried riches and that the government is now saying that they want to take this serious gladdens us.

“That is why we are here to appreciate this government for what they are doing and we are ready to offer our professional help – we are not talking in terms of financial reward – but this is one thing we want to offer our country.”

•Photo shows Senate President Saraki.

Source News Express

Posted 29/02/2016 8:20:03 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
JNI blasts military, SSS over ‘extra judicial killing...

National Economic Council probes NNPC, Federation and Excess...

Medical experts canvass healthcare revolution

Bitcoin worth more than gold in US for...

Expert says energy sector has capacity to drive...

Police parades suspected Badoo kingpins in Lagos •Reveals...

Vehicle owners, commuters groan over lingering fuel scarcity...

Kwara police boss reads Riot Act to F-SARS...

Lagos State Government prosecutes Cameroonian house cleaner for...

Anambra loses N30 billion to erosion menace •Snakes...

Charles Taylor concludes appeal, awaits final judgement in...

Fayose cries out, charges judiciary to rise and...

 

Latest News Osinbajo, 9 Governors to find solution to herdsmen-farmers' crisis, killings Fire guts Imo Deputy Governor’s house Military rehabilitates 95 repentant Boko Haram fighters NNPC raises alarm over fake recruitment advert Senate institutes committee on Constitution amendment, postpones National Security Summit Enugu Revenue Board targets N30b IGR to fund 2018 budget Kaduna Govt. bans child fostering, adoption INEC seeks CJN’s intervention over conflicting court judgments Dickson tasks Bayelsa Oil Company on repositioning for optimal performance Umeh takes oath of office as Senator, calls for restructuring Angry General, Nigerian Army slug it out in court over alleged illegal retirement Alex Ekwueme to be laid to rest Feb. 2

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (315,269 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (304,996 views) Shameless Genevieve Nnaji exposes breasts in public (244,634 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,395 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,042 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,308 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,499 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,697 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,002 views) Lagos plane crash: Journalist releases victims’ names (124,449 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,634 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,935 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,853) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,744) Interviews (139) Live Commentary (28) Love Matters (100) News (31,990) Opinion (865) Pidgin (10) Politics (4,356) Religion (666) Sports (1,406) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!