By Kauthar Anumba-Khaleel
The House of Representatives ad hoc committee on recession will collaborate with ministries, department and agencies (MDAs) of government to map out ways to sustain benefits of exit from recession.
This is as it re-echoed the National Bureau of Statistics’s (NBS) announcement that Nigeria is out of recession.
Chairman of the committee, Hon. Bode Ayorinde who disclosed this at a press briefing in Abuja over the weekend, also announced that the committee will hold a two-day summit to collate views of Nigerians from different walks on life on how to ameliorate the sufferings of Nigerians.
While urging Nigerians to see the period of economic recession as an opportunity for the country to rediscover itself, the lawmaker said the summit will be expected to proffer ways through which the nation’s economy can be returned to a path of stability and sustainable growth.
He also informed that in the course of its assignment, the committee had collaborated with other agencies of government as well as critical stakeholders in the economy to get the country out of its trying period.
“We shall therefore join hands with other relevant authorities to provide succour to Nigerian people. In legal parlance we shall prosecute the recession with the speed of light and incarcerate it to where it rightly belongs, so as to return our economy to the part of stability, growth and development,”.
It will be recalled that as part of efforts to ensure that Nigeria exits its current economic recession and alleviate the hardship caused by the recession, Speaker, Yakubu Dogara in July inaugurated a tactical committee to fashion out ways to get the country out of its recessed economic.
Dogara at the inauguration, attributed the recessed economy to the country’s dependence on oil against other resources adding that the situation is compounded by the inability of successive administrations to save during the oil boom.
“Successive governments failed to save during the period of oil boom in Nigeria until we are confronted with the realities of this economic recession. As a parliament, we are committed towards ensuring that the sufferings experienced by the ordinary Nigerians are alleviated.
“We affirmed that the centre point of our legislative agenda will be to collaborate with the various arms of government and the Senate to legislate for the common good of the Nigerian citizens with emphasis on reforms that will promote rapid national growth and development, tackle poverty, unemployment. Indeed, our major legislative initiative was to support diversification of Nigeria’s economy to foster its development from mono product economy to a multi-product economy,” he stated.
The summit is scheduled to hold between 5 and 6 November.