Fidelity bank card banner Camano banner
Saraki laments challenges facing the nation, as 8th Senate marks one-year anniversary

By Mayowa Okekale, Abuja on 09/06/2016

Views: 1,873


Senate President, Bukola Saraki, has highlighted the challenges facing the nation, admitting that the country has failed to take necessary steps in policy making and legislation to develop the economy.

Saraki spoke on Thursday in his special address on the first anniversary of the 8th Senate of the National Assembly. He pointed out that “for decades, we have talked about the need to diversify our economy, but we have failed to take the necessary steps in policy and legislations that would set us on the path to developing the kind of economy that we desire.”

He stressed that the Ease of Doing Business Report that ranks the country 167 out of 189 countries is not likely to attract business into the economy. While saying that the Senate understands the situation, he stressed that the support from international development partners and the organised private sector must be reviewed and brought in line with international best practices, in order to open up the economy for private investments and businesses.

He further said: “Every generation of Senators will face its peculiar challenges. The task we set for ourselves and our understanding of our roles as Senators must, therefore, reflect a robust understanding of the challenges that we face as a law making body at this time in our history.

“This is the reason why the Legislative Agenda of the 8th Senate is anchored on three cardinal objectives of improving governance, improving business and, improving livelihood. We believe that legislative activities that sustainably improve on these three key indicators will improve the economy and ultimately guarantee a better life for our people.”

Continuing, he lamented that the collapse in oil price has, without doubt, brought huge shock to the economy on a scale that has never been experienced before, noting that there was a need to develop creative strategies that would stimulate business and investments into other sectors.

Speaking on growing security challenges being witnessed in the Niger Delta area of the country, Saraki urged the warring militants to embrace the country’s democratic institutions and channel their grievances through appropriate quarters, “as we can ill afford further damage to the ecosystem of this all important region and any more disruptions in the system.”

Saraki equally encouraged government to adopt dialogue and engagement as a more lasting option towards resolving this challenge and also called on leaders in the area to play their part and ensure, through mediation that the menace is comprehensively quelled.

•Photo shows Saraki.

Source News Express

Posted 09/06/2016 7:15:54 PM

 

 

CLASSIFIED ADS

 

You may also like...
Senator kicks against sale of New Nigerian Newspapers...

MRA, IMS shortlisted for global awards

Onnoghen’s case: We don’t take orders from Buhari...

Nigeria to eradicate drug hawking in August 2017...

Today’s weather outlook, as forecast by the Nigerian...

World Bank hails Ogun’s development drive

Success Adegor, the Plowshares Eight, teenage Daniel and...

Bitcoin hits record high after smashing through $8,000...

Restructuring as disintegration

Why Saraki, Tambuwal left APC: Tinubu opens up...

Why Kogi community banished father of abducted 5-day-old...

NASS leadership tussle could have been worse, says...

 

Latest News Journalist shot, top police officer killed as Shiites, Police battle in Abuja Some people kicked against my appointment as Kaduna Commissioner for Internal Security and Home Affairs — Aruwan Popular actress faces cocaine charge Ihedioha's list of commissioners ready on Tuesday Tribunal dismisses suit against Senator Chimaroke Nnamani Many feared killed as bandits attack Katsina community Group establishes 5-Bed Pediatric Intensive Care Unit at UNTH •To extend gesture to other teaching hospitals in Nigeria’s six geo-political zones 14 million Nigerians on drugs - Pharmacists Council 151 repentant Boko Haram members freed to go home Nigerian teenager killed in South Africa Some Yoruba leaders will be first to flee if war begins – Junaid Mohammed How we rescued 55 persons kidnapped by bandits in Zamfara – Police

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (511,361 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,953 views) Shameless Genevieve Nnaji exposes breasts in public (374,087 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (317,109 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,916 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,487 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,763 views) 10 cars more expensive than Jets (224,842 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,592 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (209,154 views) Lagos plane crash: Journalist releases victims’ names (188,674 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (187,271 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,359) Business Verdict (76) Columnists (1,076) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (636) Features (781) Global Business Monitor (396) ICT Monitor (54) International (3,737) Interview (194) Live Commentary (30) Love Matters (164) Maggie's Blog (342) News (48,955) Opinion (1,293) Pidgin (17) Politics (11,181) Religion (1,053) Sports (2,106) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera