Reps set up committee on economic recession


The House of Representatives has resolved to set up an Ad-hoc “Tactical Committee on Economic Recession ” to monitor the various steps and policies of the Federal Government with a view to alleviating the pains and hardship unleashed on Nigerians by the economic recession.

The committee will also interact with the various Ministries, Departments and Agencies (MDAs) relevant to overcoming the challenges. It will also liaise with the Manufacturers Association of Nigeria (MAN), Nigeria Labour Congress (NLC), civil society organisations and any other body that is considered relevant in the bid to arrest the recession and return the economy to the path of growth and stability.

The lawmakers lamented that the effects of all these unstable economic climate, include the “continuous loss of jobs by Nigerians which is inflicting pains and suffering on the old, the young and even the rich, some of whom had to practically abandon their bases during the Yuletide season due to the pressures for assistance from dependent relatives and the less privileged in the society who are increasingly resorting to suicide and divorce as a way out of their financial constraints.”

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