Recession: Buhari should push for emergency law to stimulate economy – Orji Kalu

A former governor of Abia State, Chief Orji Kalu, has advised President Muhammadu Buhari to push for emergency law to get the nation out of the current economic recession.

Kalu made the remark on Friday in Umuahia, the Abia state capital, during a reconciliatory meeting organised in his honour by an Umuahia socio cultural organisation, called Igurube-Egwuasa.

 

The former governor advised Buhari to focus on the manufacturing sector in his bid to stimulate the economy.

He said, “The president should push for an emergency law that would help to stimulate economic growth and bring the country out of recession.

“The moment the manufacturing sector attains full-capacity production, there will be less dependence on importation and this will shore up the value of the naira.”

He also blamed the activities of Niger Delta militants led to a further aggravation of the nation’s dwindling revenue, leading to a full-blown recession.

Kalu said he first noticed signs of an economic recession in 2014 when the federal government borrowed money to pay the salaries of civil servants.

He said,  “At that time, I raised the alarm that Nigerian economy had gone into recession but nobody believed me, instead, I was abused and castigated.”

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