The House of Representatives says it is imperative that President Muhammadu Buhari addresses a joint session of the National Assembly to outline plans to pull Nigeria out of recession.
The lawmakers reached the resolution on Thursday after a debate that spanned two days at the floor of the lower chamber in Abuja, the nation’s capital.
To indicate how important the situation was, the Minority Leader of the House, Toby Okechukwu, as well as some other lawmakers, Leo Ogor and Oluwole Oke, outlined the factors they believe led to the recession.
Most of them identified the Treasury Single Account Policy, Foreign Exchange Policy and the structure of Nigeria as some of the issues that needed to be addressed.
On his part, the Majority Leader of the House, Mr Femi Gbajabiamila, suggested possible ways the Federal Government could get past the economic challenges.
After much deliberations, the lawmakers with the Speaker, Yakubu Dogara, resolved to meet with the Senate to reach a consensus on the need to invite the President for a joint session of the National Assembly.
•Photo shows the House of Reps in session.
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.