In an attempt to x-ray the remote and immediate causes of the current economic downturn and proffer plausible solutions to the situation; a member representing Furore/Song Federal Constituency of Adamawa State, Hon. Sadiq Ibrahim, has identified corruption and insecurity among other things, as being the reason Nigeria is in the current economic state.
While contributing to the debate on the economic recession on the floor of the House on Thursday, Hon. Ibrahim said, “if a country is bedeviled by insecurity – Boko Haram in the North East; militants in the South South; kidnapping in other parts of the country; definitely it will experience economic recession.
“If a country is fantastically corrupt, why will it not fall into recession? We need to know what caused the recession so that we don’t give it a wrong diagnosis.
On his part, Hon. Sunday Karimu from Kogi state tasked the Honourable members to lead by example by committing 80% of their intervention fund to coordinate farming activities for their families through a new scheme to be known as “Operation Feed Your Family,” with collaborative efforts of the Ministry of Agriculture.
Hon. Mark Gbila, member representing Gwer East/Gwer West Federal Constituency of Benue State expressed fears that the present economic team of President Muhammadu Buhari might not be able to take Nigeria out of her current situation as Nigerians have already lost confidence in them.
Also contributing to the debate, the Minority Leader, Hon. Leo Ogor and many other Honourable members were of the opinion that the Federal Government should stop paying lip services to the issue of diversification of the economy and put tangible machineries in place to harness many other mineral resources, outside oil which has been the major source of Nigeria economy.
With the tone of debates currently going on at both chambers of the National Assembly, the Federal Lawmakers seem prepared and committed to the course of finding cogent escape routes for Nigeria and Nigerians from the current economic quagmire.