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Govs oppose Senators on cabinet rejig
 
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Fri, 23 Sep 2016   ||   Nigeria,
 

Abuja — Governors, yesterday, disagreed with the leadership of the National Assembly over their call for the redeployment or outright removal of two ministers for their inability to effectively manage the economy, which had since slipped into recession. It will be recalled that many of the outspoken senators, fresh from their vacation, on Wednesday, had called for the outright sack or redeployment of the Minister of Budget and National Planning, Senator Udoma Udo Udoma, and his Finance counterpart, Mrs. Kemi Adeosun, who are saddled with the task of managing the ailing economy as a means of expediting its recovery from recession. The heated debate, which once again, brought to the fore, the division in the Senate, came barely 24 hours after the Senate President, Dr. Bukola Saraki, had pleaded with the Federal Government to consider the sale of oil assets to quicken the recovery of the economy from recession and provide relief to suffering Nigerians. But rising from the NEC meeting presided over by the Vice President, Professor Yemi Osinbajo, the members expressed support for the plans and proposals of the Federal Government to steer the country out of recession. SENATE CHAMBER SENATE CHAMBER While acknowledging the current economic challenges facing the nation, the governors endorsed the work of the President’s Economic Management Team and specifically commended the ministers of Budget and National Planning, and Finance. One of the governors at the NEC meeting told our correspondent that the members expressed confidence in the two ministers, attesting to their efforts, competence and capabilities in managing the nation’s economy. The governor said they were convinced that Nigeria’s economic crisis was not caused by the two ministers but by failing oil price, the only major source of income. The NEC members appeared to have been impressed with the presentation by the two ministers pointing to crucial steps being taken by the Federal Government to re-jig the economy and end the suffering of Nigerians. Udoma had revealed, among others, that the economy slipped into recession due to the nation’s over-dependence on oil, which price the country had no control over but expressed optimism that the crisis was an opportunity for restructuring and resetting the economy for growth and development. According to him, ‘’the President’s EMT is working on a number of strategies to generate immediate larger injection of funds into the economy through asset sales, advance payment of licence renewals, infrastructure concessioning and use of recovered funds to reduce funding gaps as well as fast-track procedures through legislation and implementation of strategic plan of the budget.’’

 

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