/Economy

Senate President: “Ending Recession Requires Dialogue and Cooperation”

2016-12-15T13:57:12+00:00 November 15th, 2016|Economy|

Senate President, Dr. Abubakar Bukola Saraki has said any effort to end the current recession in the country requires dialogue and cooperation from all leaders. The Senate President’s comments were in response to repeated questions about his recent meetings with President Muhammadu Buhari and the Senate’s votes to return the President’s Medium Term Expenditure Framework [...]

Senate to Consider Trade Facilitation Legislation

2016-12-15T13:57:12+00:00 November 8th, 2016|Economy|

On November 9, 2016, the 8th Senate will consider legislation to reform the administration and management of the customs and excise system in Nigeria. The bill, the Customs and Excise Management Act establishes a new Nigeria Customs Service and repeals other customs and excise legislation. The bill creates a Custom and Excise governing Board to [...]

#MadeInNigeria: Senate President Lauds Army for Buying Aba Made Shoes

2016-10-30T23:06:38+00:00 October 30th, 2016|Economy|

Senate President, Dr. Abubakar Bukola Saraki has commended the Nigerian Army for its decision to purchase 50,000 pairs of shoes from local manufacturers in Aba for the use of officers and soldiers as he said the move shows that the military is living up to its billing as an institution that can play vital roles [...]

Recession: Saraki Urges Nigerians In Diaspora To Support FG

2016-12-15T13:57:12+00:00 October 27th, 2016|Economy|

Senate President, Dr. Abubakar Bukola Saraki has called on Nigerians in Diaspora to support the present administration in pulling the country out of recession with their abundant skills and expertise which are in dire need in the country at this time. Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, made the [...]

Senate Begins Debate on 2017 MTEF/FSP On Tuesday

2016-10-16T16:45:54+00:00 October 16th, 2016|Economy|

In line with its resolve to prioritize all economic bills as a way out of the current recession, the Senate will on Tuesday commence debate on the 2017-2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) submitted for its approval by President Muhammadu Buhari on Tuesday October 4, 2016. The MTEF and FSP [...]

Tax Laws Will Be Examined to Improve Ease of Doing Business

2016-12-15T13:57:12+00:00 October 12th, 2016|Economy|

President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday stated that the 8th Senate will work to streamline Nigeria’s multiple taxation system to improve the ease of doing business in the country. Speaking at a dialogue at the 22nd Edition of the Nigerian Economic Summit in Abuja, the Senate President, while answering questions from [...]

11 Economic Recession Bills Will Pass by End of 2016

2016-12-15T13:57:13+00:00 October 12th, 2016|Economy|

President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday stated that the 8th Senate will work to meet a 2016 deadline for the passage of all the 11 economic-priority Bills that it has scheduled to tackle the economic recession. Speaking at a dialogue at the 22nd Edition of the Nigerian Economic Summit in Abuja, [...]

#NES22: Senate President Commends NESG

2016-10-11T10:46:59+00:00 October 11th, 2016|Economy|

Senate President, Dr. Abubakar Bukola Saraki has commended the Economic Summit Group (NESG) on the theme of this year's summit which focus on promoting Made in Nigeria goods. Saraki who will be a guest at the summit tomorrow noted that the choice of theme put the private sector group on the same page with the [...]

Recession: N’Assembly Ready With 8 Bills for President’s Assent

2016-12-15T13:57:13+00:00 October 4th, 2016|Economy|

The Senate of the National Assembly has passed eight Bills received from the House of Representatives for concurrence. The Bills, which are aimed at strengthening the laws of the Federal Republic, were considered and passed in a single sitting of the Senate - demonstrating commitment to employing all legislative mechanisms at its disposal to end [...]

Recession: Senate Seeks Harmonization of Financial, Monetary Policies

2016-10-01T17:22:57+00:00 September 30th, 2016|Economy|

The Senate has urged the Ministry of Finance and the Central Bank of Nigeria (CBN) to harmonize the Federal Government's financial and monetary policies as one of the ways to end the current economic recession. The Upper Chamber also enjoined the Executive to urgently negotiate external concessionary borrowing to finance aspects of deficit in the [...]

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