The deputy Senate President, Senator Ike Ekweremadu on Wednesday broke the hard nuts when he called on the President Muhammadu Buhari- led Federal Government to as matter of urgency, increase cash flow in order to help ameliorate the sufferings of the people.
Senator Ekweremadu also suggested that contracts should be awarded and Contractors mobilised to sites to allow much circulation and creation of jobs.
Apparently speaking the minds of average Nigerians, especially his constituents, Senator Ekweremadu said there was poverty in the land.
“The last recess accorded us enough time to interact with our constituents and I regret to tell you that there is poverty in the land; prices of commodities have increased; people are loosing their jobs and some are dying of hardships.
“The government should release much money into circulation and contractors should be mobilized to sites to allow cash flow and creation of more jobs,” he said.
The deputy Senate President, however, differs on the suggestion of the Senate President, Bukola Saraki that government assets should be sold. “If we must sell at all, let it be the non performing assets,” he added.
On his part, Senator George Akume (Benue North West) observed that the loots by the past political office holders if disclosed by the government and invested into the economy, would go a long way to reduce the current burden on the government.
Senator Sam Anyanwu (Imo East) while contributing to the debate, suggested that local manufacturers should be encouraged to go into production so as to help Nigeria regain her Forex. He also advised President Muhammadu Buhari to mind his body language as “a lot of high profile businessmen who want to put their money into business are afraid of the current policy direction of the President.”
In his own submission, Senator Barnabas Gemade (Benue North East) was of the opinion that more money should be injected into the construction industry.
According to him, “since the 2016 budget was passed, no single contract has been awarded for construction, whereby, money will flow and more jobs will be created.”
Speaker after Speaker, the Senators were all in agreement that the country has been plunged into full economic recession, hence the cogent need to help revive the economy. They also agreed that nobody should be blamed for the current state of the economy as poverty and hunger do not recognise religion or political parties.
The Senate adjourned by 1.50pm till Thursday, 22nd September to enable more Senators contribute to the debate and would review the vital recommendations and pass resolution accordingly.
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