GTB 737 banner Yudala banner

Senate celebrates as economy said to rebound

By Mayowa Okekale, Abuja on 06/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 332

•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


 

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...
HURIWA blames FG for incessant attacks, burgling of...

Woman convicted and fined after being raped in...

Olympics shocker: Siasia backs Dream Team quarter-final boycott...

Police nabs 3 secondary school students over kidnap...

TIME TO OVERCOME do-nothing politics

Nigerian universities ordered to reopen •Pro-Chancellors say no...

Chibok girls ‘now Boko Haram fighters’

How Ex-Governor Dariye shared N1.2 billion Ecological Fund:...

Missing crude revenue: NNPC admits owing billions of...

Yobe takes immunisation campaign to difficult border communities...

Count me out of your woes, Peter Obi...

Workers shut down Lagos Airport over planned concession...

 

Latest News Ohanaeze slams secessionists, brands them enemies of Nigeria Amosun loses 2 security aides in 4 days US Congress commends Bayelsa Governor IPOB: Oyigbo (Rivers) residents bemoan military action Court convicts 5 policemen for murder FG commits to favourable investment climate Why the UN must be reformed — Intersociety •Laments over 101,500 innocent citizens have killed in Nigeria since June 1999 How to quell Biafra agitation — APGA chieftain Black Mathematician who helped America to Space honoured Police swoop on Peace Corps members Workers cripple Kogi State IPOB sues FG, Army over proscription order

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (278,988 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (260,856 views) Shameless Genevieve Nnaji exposes breasts in public (211,777 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (177,927 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (176,851 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (158,598 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (136,855 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (126,841 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (120,448 views) Lagos plane crash: Journalist releases victims’ names (111,283 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (110,457 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (102,833 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (28) Business (2,695) Business Verdict (22) Columnists (744) Complaints & Requests (93) Enterprise & Opportunities (178) Entertainment (378) Features (489) Global Business Monitor (178) International (1,545) Interviews (130) Live Commentary (28) Love Matters (73) News (28,628) Opinion (809) Pidgin (8) Politics (3,939) Religion (627) Sports (1,323) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Manchester United vs Everton 4-0 All Goals & Extended Highlights

 

APO Newsbreak logo

 

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!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

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!