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Senate insists on sack of Ministers as part of solutions to economic recession

The Senate on Tuesday explained that the level of economic recession being witnessed requires sincere approach by the federal government in a manner that those who have the competence should be allowed to serve in critical sectors of the economy.

Senate Leader, Ali Ndume in his speech enjoined Senators to be focused on forward looking, noting that the phenomenon was a global one which other countries have successfully overcome.

“The economic recession was not caused by the present government, but a global one and those countries successfully came out of it,” he noted.

Deputy Senate President, Ike Ekweremadu on his part, emphasised on reshuffling of the cabinet by President Buhari to enable him put competent persons in critical sectors.

“Distinguished Senators, look at my friend Senator Udoma Egba, Minister of Budget and National Planning, as a lawyer, what can he do? He can be at his best in a sector related to his area of competence. ”

Ekweremadu added:” The Minister of Finance, Mrs Kemi Adeosun can be assigned to another ministry to give way to a more competent person because of the situation at hand. ”

He, however, cautioned against sales of government assets as being canvassed by some experts, while urging government to learn from Saudi Arabia when they decided to make foreign investors to invest in their assets when they were in recession which eventually paid off.

Proffering solutions further, Ekweremadu called for renegotiation with oil majors on percentages been remitted to government, recalling that late Gen. Sani Apache made them to increase their remittances to government and it worked.

First Bank

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