Nigeria faces worst economic crisis in history – Senate Committee Chairman

Chairman of the Senate Committee on National Planning and Economic Affairs, Yahaya Abdullahi, on Wednesday said Nigeria is currently facing the worst economic crisis in its history.

He said Congress, represented by the two committees, needed to work with the executive branch of government to figure out how to get the economy back on track.

Mr. Yahaya stated this at the inaugural meeting of the House of Representatives National Planning Committee in Abuja.

He said the National Planning Committees of both Houses of Parliament should ensure that they work together over the next four years to achieve the set goals of turning around the national economy, advising the Executive on the way forward. .

Yahaya added that Congress must be able to guide the executive branch on how to get out of the quagmire, while warning against any mistakes on the part of Congress that could further worsen the country’s already precarious economic situation.

The lawmaker further said that both the committees will soon hold a joint meeting of both committees to discuss the topic of working together for the benefit of the country as a whole.

In his address, the Chairman of the House Committee on National Planning, Ibrahim Ayokunle Isiaka, said the mission can only be successful if the committees work together and strengthen each other as a team.

He draws attention to the fact that national planning involves the process of setting goals, developing strategies, and outlining tasks and schedules to achieve national goals.

“We need to tighten our belts and fully commit to the challenges ahead in the spirit of nationalism and patriotism,” he said, adding that the Committee, in collaboration with all well-meaning stakeholders, will continue to support this tenth session of the General Assembly. achieved the best results.

He said the Commission will undertake intergovernmental and budgetary reforms of the multifaceted and interconnected nature of sustainable development, reversing declining economies, stabilizing political institutions and delivering various social benefits. They called for interventions that work together through a collaborative approach to integration. All aimed at promoting the development of the country.

He said there are currently mixed reactions among various stakeholders, including academics, the media, and parts of the private sector, but the committee aims to bridge the gap between excitement and skepticism regarding this concern. He made it clear that he will do his best.

He said: “For all of us as committees, executives and bureaucrats, our cooperation framework details not only how we can work together, but also how we will work together.” .


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