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Senate President, Bukola Saraki, says that the Senate is responsible for the miraculous exit of Nigeria from recession.
Saraki who stated this in a statement signed by the Senate Spokesman, Sabi Abdullahi, on Tuesday, disclosed that Nigeria is out of recession, because of his 21 recommendations submitted to ‎President Muhammadu Buhari, in 2016
The statement reads: “The Senate received Q2 NBS economic report with great excitement. We are delighted that government’s response to the economic recession has begun to yield tangible results.
“The public will recall that in the days following the announcement of the 2016 recession, the Senate initiated steps and tabled 21 recommendations that it submitted to the executive for immediate action. We also listed out economic priority Bills, many of which have now been passed, or at the final stage.
“We are also happy to note that many of the economic recommendations, specifically in the areas of retooling our agriculture and trade policies were adopted. This shows that the ‘all hands on deck’ approach was necessary from both branches on government”, the Senate Spokesman said.

He further noted that though the nation is now out of recession, the Senate remains committed to seeing that the unemployment rate and high cost of living in the country, are brought down.
“The rising unemployment in the country is an issue that is of much concern to all of us. Additionally, the rising cost of food prices and basic services in the country still affects millions of households.
“This is why we will continue to work on our laws, specifically in the areas of access to credit to promote more opportunities for small business owners; and opening up more sectors to private sector participation, so that there will be more competition in our markets – which will lead to lower prices.
“We will also continue to work with the executive to ensure that our policy and legislative objectives, specifically as they relate to the economy, are well-aligned”, Abdullahi said.

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