Recession: We will hold managers of our economy accountable – Saraki

Senate President, Bukola Saraki on Tuesday revealed that the Senate is planning an “exhaustive and comprehensive debate” on the economy, stating that its managers will be held accountable.

Saraki told journalists in Ilorin that the senate upon resumption on September 20 would immediately find solutions to the economic recession.

He promised Nigerians that the debate would be transparent and beneficial to the country.

“We are going to have an exhaustive and comprehensive debate on fixing the country’s economy when we resume next week,” he said.

“Already, all the economic priority bills are being analysed and collated so that we can hit the ground running when we resume. We understand the pains that Nigerians are going through and we do not take this for granted.

“Additionally, the Senate intends to invite everybody involved in the management of the economy to address the Nigerian people through the parliament on the steps that are being taken to get us out of this mess,” he said.

He continued, “We fully intend to hold all those involved in the economic management of the country accountable.

“However, we will do so in a manner that is transparent and beneficial to the country as a whole.”

Saraki said the Senate needs to know how much the country owes.

“We need to ascertain our actual level of borrowing and what effect the devaluation of the naira has had on our economy.

“In every crisis, there is always an opportunity for positive reforms, in this regard, in order to solve this crisis, all hands must be on deck.

“Ideas should be sourced from all quarters, all arms of government, people of different political beliefs, from all socio-economic backgrounds and every part of Nigeria must work together at this time,” he said.

He further said the best economic minds should be consulted for solutions, irrespective of party affiliation.

“This recession does not identify with any one party, we need to tap into the expertise of our best economic minds to come up with plans that both the executive and the legislature can evaluate and implement”, he said.

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