Senate Tuesday unanimously rejected recommendation seeking the sale of national assets as a means of raising funds to shore up foreign reserves to bail out the country from recession.
Sale of national assets to reboot the economy was one of the suggestions of Senate President, Abubakar Bukola Saraki during the debate of the state of the economy by the upper chamber.
The recommendation to reject the sale of assets was contained in the report presented by a six- man ad- hoc committee set up by the Senate last week to harmonize contributions of senators during their general debate on the economic recession and possible way out.
The Senate also urged President Muhammadu Buhari to as a matter of urgency, prepare an economic stimulus Bill containing all the fiscal stimulus packages, investments, and incentives designed to pull the country out of recession, and forward same to the National Assembly for accelerated consideration and passage.
The committee in its recommendation opposing the sale of national assets declared that sale of asset “being a sensitive issue should be approached from a commitment to protecting the common patrimony of Nigerians by preventing the assets from falling into the hands of sharks, assets strippers and cannibalizes while also guarding against the fuelling of further inequities in the society and polity”
Other recommendations of the committee also adopted by upper chamber included: “To urge the executive to ensure constant meeting of fiscal and monetary authorities for harmonization of all policies, particularly lower interest rates for genuine investors in the real sector as well as medium and small scale farmers and processors.”
“That Government must engage in meaningful and inclusive dialogue with the aggrieved Niger Delta militants to avoid escalation of the unrest in the region and ensure protection of Nigeria’s oil and gas assets to facilitate increase in oil production and boost revenue there from.
“That the President should as a matter of urgency, appoint a Senior Special Assistant who should lead a team that coordinates the government’s engagement with all stakeholders in the region, specifying that the team should include Senators from the Zone.
“The President to reconstitute the Board of Central Bank (CBN) and all other critical agencies in order for them to operate in accordance with the enabling laws.”
Government to solve the age long problem associated with saving for the rainy day by the federal government.
The upper chamber adopted the recommendation seeking for the amendment of section 162 of the constitution to make it possible for the federal government to save money to that effect for the rainy day.
The lawmakers resolved that the 22-point recommendations should be personally delivered to the President by the Senate President.
The Senate also resolved to invite the Executive Secretary Financial Reporting Council of Nigeria to brief the Senate on some financial matters.
After the adoption of the resolutions, Senate Chief Whip, Senator Olusola Adeyeye (Osun Central) emphasize that the adopted resolutions represented the corporate decision of the Senate as against individual submissions made by Senators during the general debate last week. The Nation