Recession: Reconstitute the Board of the Central Bank- Senate tells President Buhari
As part of resolutions to get out of the current economic recession, the senate yesterday advised President Buhari to reconstitute the board of the Central Bank of Nigeria. The senate also advised President Buhari to appoint a Special Adviser that would negotiate with militants in the Niger Delta. Read the full resolutions as shared by Senate President Bukola Saraki after the cut... 1. The executive should forward an Economic Stimulus Bill containing all the fiscal stimulus packages, investments and incentives which will receive accelerated consideration and passage at the National Assembly. 2. The fiscal and monetary authorities must harmonise all policies that lower interest rates for investors in the real sector and small/medium scale farmers. 3. The government should adopt peaceful means in the Niger Delta to restore Nigeria’s oil production back to 2.2 million barrels per day. 4. The release of low interest funding under the stimulus package should be targeted at the ...