Tag: end recession

  • Lawmaker urges Buhari to end recession 

    Lawmaker urges Buhari to end recession 

    A member of the House of Representatives from Lagos Mainland Constituency, Hon. Olajide Jimoh, has called on President Mohammadu Buhari to come up with policies to put an end to economic recession in the country.
    Jimoh made the remark while congratulating Nigerians for their doggedness in the midst of economic challenges facing the country, saying 2017 would be a better year.
    He said Buhari should work in synergy with the National Assembly to end the recession.
    He said: “I hope President Buhari would intervene, to bring succour to the ordinary Nigerians who are suffering as a result of the recession. Though it is God that do things right and perfect, I hope and believe that things would be better this year.
    “I hope this year’s budget, which has been tagged the ‘Budget of Recovery and Growth’, would be better than last year’s. Nigerians were not happy over the developments in the economy last year. The Federal Government could only implement 56 per cent of the budget.
    “The President and other state governors should learn good governance from Lagos State, where the governor is working with the state lawmakers to empower the people.”
    Jimoh said Governor Akinwunmi Ambode has distinquished himself in less than two years in office.
    He added: “Ambode has turned Lagos to a paradise within short time of his administration. He decided to run the state on tripod, because of his determination to turn the economy of the metropolis into the third largest in Africa.
    “His determination and commitment is easy for everyone to see, because he has continued to deliver good governance, infrastructural development and people-centred policies. He has collaborated with the Lagos State House of Assembly to achieve his aim.”
    The lawmaker has also called for a reduction of the benefits that acrues to political office holders, saying that it would reduce friction and violence among politicians.
    He said: “There should be a privision in the electoral code that cautions people that instigate violence before and after elections.”

  • Lemo, clerics seek  prayers to end recession

    Lemo, clerics seek prayers to end recession

    A former deputy governor of the Central Bank of Nigeria (CBN), Mr Tunde Lemo, has urged Nigerians to see the recession as a learning point and a time to be virtuous.
    The renowned banker said this was the only way the nation could set on a good path after the recession.
    He said the nation should not bemoan the current situation or lose hope but see the economic difficulty as a cycle that would go away.
    Lemo, who spoke on Sunday evening in Lagos after the Christmas Carol and Orchestra of the Apostolic Faith Church at Anthony Village in Lagos, noted that recession was like an event that would soon pass by.
    The banker advised that all hands should be on deck to prepare for the next round of prosperity and boom. This, he said, could be achieved through learning new skills that would be beneficial after the recession.
    Lemo said: “We should roll up our sleeves and get ready for another round of recovery.”
    The mother of Vice-President Yemi Osinbajo, Mama Olubisi Osinbajo, said she had been praying for the country and for the successes of her children in power.
    The octogenarian urged Nigerians to do same and save the nation from the difficulty.
    The District Superintendent for West and Central Africa of Apostolic Faith, Rev Adebayo Adeniran, said God would heal the land, if Nigerians turned from what he called their wicked ways.
    Quoting the Bible, the cleric noted that righteousness exults a nation.
    He said: “God has an agenda for Nigeria. So, we should pray to Him to help us and support our leaders who walk in righteousness and against corruption and bringing us to path of rectitude.
    “We cannot continue in our old ways and say grace should abide. We speak against corruption, not because we hate the corrupt but because we know that God can make the corrupt turn towards Him and seek His forgiveness.
    “When corruption leaves this country, renewal will come and the glory of God will return.
    “Let us not lose hope because we have not yet crossed the boundary of redemption. But with prayers, we shall be free of all those who hold us against God and our renewal as a nation.”

  • ‘Nigerians should cooperate with Buhari to end recession’

    A group, Kwara Reformed Movement has urged President Muhammadu Buhari to urgently solve the economic recession in the country.
    It appealed to all Nigerians to join hands with the administration in solving the myriad of problems confronting Nigeria.
    The leader of the group, Dr Amuda Aluko said efforts should be geared towards getting out of this recession as quickly as possible.
    “I am positive that if we all cooperate with the administration, for sure we shall get out of the current bondage. I believe God will help Nigeria out.
    “Today majority of our leaders apart from being greedy they are selfish. I am appealing to them to remember that one day they will be answerable to the Almighty God.
    “It is never too late to make a change. I am also appealing to all Nigerians to cooperate with the present administration so that recession can be a thing of the past.
    On the lopsidedness trailing the Buhari’s anti corruption crusade, he said: “I have asked myself that question before; if they are sure that X and Y are corrupt they should make it known.
    “It is no use grumbling privately. If youhave a mission and you are determined with the help of God, that you want to accomplish the mission, God is always on your side.
    “I look at the alleged one-sided anti corruption crusade of Buhari by his critics as mere blackmail. That is a careless talk. I think I read in one of the dailies that fighting corruption and the insurgents in the North-East that Buhari has done well, but he has no answer to the economy.
    “My reaction is that he is a human being that is not supposed to know everything. Honestly, when you are a good leader you look for those that will help your government. Unfortunately, they are making things difficult for him at the National Assembly. When they send names for confirmation the legislators will reject the names on alleged inadequate consultations. Must the president consult anybody?
    “Constitutionally, he has the right to appoint anybody anywhere to assist his administration. If there is good governance everybody will benefit, if it is the other way round then we are in trouble.”
    Speaking on the rot in the judiciary, he said: “The day I read in the papersthat the houses of some judges were raided and they discovered huge mount of money I felt terribly unhappy. Because judges the way I was told is that their salary is for life with other appurtenances of office.
    “Then what do they need money for again. It shows that they are ungodly. Many people cannot even afford two square meals in a day, yet they are keeping such huge amount of money in the houses and bank accounts.
    “Well we are still learning. I hope those who are there now and those who will step into their shoes as judges will learn to uphold integrity, “ he said.

  • Utomi to Govt: invest in infrastructure to end recession 

    Utomi to Govt: invest in infrastructure to end recession 

    Political economist and Management analyst, Prof Pat Utomi, has urged the Federal Government to invest massively in infrastructure to take the country out of recession.

    He also advised the government to make funds available to micro, small and medium scale enterprises (MSMEs) and boost the production of raw materials for finished goods to bail the nation out of the current economic challenges.

    Prof. Utomi, who addressed the audience in Abuja at the quarterly lecture on monetary policy, competitiveness and development, spoke on the topic, titled: The Role of Monetary Policy in Job Creation.

    The event was organised by the Economic and Business Strategies (EBS) and co-hosted by Dr. Magnus Kpakol.

    The popular economist stressed the need to strengthen the nation’s institutions, saying such institutions and policy stability would in turn strengthen the economy.

    Utomi said: “Our institutions are weak; We need to strengthen them. We deserve strong institutions and not strong men. A good leader also should focus on purpose and not on power.

    “There is need for a strong political will to end poverty. All around the world, politics is all about how jobs can be created because it is through jobs that people can better their lives. Also, the nation’s monetary policy should have value to create wealth.”

    President of Connexux Corporation, Ms. Anita Campion, called for reforms in the Agricultural sector.

    She noted that because the Nigerian economy was blessed with many natural resources, the people “don’t have to suffer in the midst of plenty”.

     

  • Saraki, Ekweremadu, Mark seek prayers to end recession

    Saraki, Ekweremadu, Mark seek prayers to end recession

    Senate President, Abubakar Bukola Saraki; Deputy Senate President, Ike Ekweremadu and former Senate President, David Mark yesterday sought joint efforts to bail out the country from economic recession.

    This was contained in their separate goodwill messages to mark the country’s 56th Independence anniversary.

    Saraki specifically called on Nigerians from all walks of life to collaborate with the Federal Government in order to ensure the nation emerged from the current economic recession stronger, more united, developed and self-reliant.

    The Senate President, in his message signed by his Special Adviser (Media and Publicity), Yusuph Olaniyonu, also commended all Nigerians, especially the nation’s founding fathers, for their contributions that have averted disaster from the nation at every point her existence is threatened by social, political and economic problems.

    While expressing regrets that in her 56 years of existence Nigeria’s economy still depends on only oil, a situation which created the present economic problems being experienced by the citizenry, Saraki commended Nigerians for their perseverance, understanding and support in the face of the harsh economic condition.

    He said: “As we celebrate independence, we should all vow to work together as we have done in the past to save the nation. As we expect leaders to initiate policies, programmes and projects that will propel the economy to grow rapidly and improve the standard of living of the people, our people should also seek to explore their creative talents to produce goods and services which can compete with the best in the world, thereby enhancing our ability to export massively and earn foreign exchange.

    “That is why I continue to say that the responsibility to once again search for credible and lasting solutions to the economic crisis lies with all Nigerians, both at home and in the diaspora.

    The Senate President also called for prayers from individuals and faith-based organisations for the quick recovery of the economy as “we can only achieve our goals with the blessings of God upon our efforts.”

    On his own, Ekweremadu “urges sober reflections, return to the path of founding fathers” the Deputy Senate President called for sober reflection and return to the path of true federalism as envisioned by the founding fathers in order to move the nation forward.

    The Senator, who stressed the need for justice, peace, and unity, once more urged the Federal Government to mobilise all capable hands to salvage the nation’s ailing economy, as there was hunger in the land.

    This is contained in a statement by his media aide, Uche Anichukwu.

    He said: “This 56th Independence anniversary calls for sober reflection. No people can make progress unless they retrace their steps back to where the rain started beating them.

    “Nigeria, at formation, had a building plan, which was based on true federalism as covenanted by our founding fathers at various conferences leading up to independence. For as long as we followed that plan, we prospered.

    “But, once we discarded the building plan, dissembled the inherited structures and legacies and began to undermine the fabrics of equity, justice, balance, healthy competition and economic prosperity that was ingrained therein, we charted our route to the current perdition.”

    Ekweremadu, however, assured that Nigeria would bounce back faster if immediate steps were taken to unite the country, getting the best hands on deck, irrespective of wherever they are found.

    “I am afraid, true prosperity may continue to elude us as a nation unless we restore the basis of the union as agreed upon by the founding fathers, also taking into cognisance the experience of the last 56 years.

    “There are no two ways about it, for what a people sow, that is exactly what they will reap”, he stressed.

    Also, Mark in a statement entitled Nigeria @ 56: A Nation Destined for Greatness, expresses hope that recession will end if the right steps are taken.

    A statement by his media Assistant, Paul Mumeh, said that the former Senate President took stock of Nigeria’s chequered economic and Socio-political history since independence and submitted that in spite of the bottlenecks, the nation is destined for greatness.

    To achieve greatness however, Senator Mark canvassed for policy consistency saying that development in the country has been largely encumbered by inconsistencies in policy formulation and implementation.

    Senator Mark also urged for love and unity of purpose among Nigerians irrespective of religious, political and ethnic affiliations, adding that such is the only way the nation can realise its full potential with all the abundant human and natural resources.