Speaker of the House of Representatives Yakubu Dogara has expressed confidence that 2016 budget will restore the economy.
He said this in his speech to welcome House members back from the two-week Christmas recess and the resumption of plenary.
He described crashing Oil Prices as a wakeup call to diversify the economy that has relied on crude oil revenue for years.
He said “It is a wake up call for walking the talk on diversification which has been our rethorics for decades and we have no excuse for letting this opportunity slip by again. I believe, dear colleagues, that this realization will shape our views and decisions as we consider the 2016 Appropriation Bill.”
He urged his colleagues to ensure speedy passage of the 2016 Appropriation bill, he said “We must therefore pass the 2016 budget which includes Mr. President’s proposals on job creation early, to restore confidence in existing obligations and the economy generally.”
He also added that members of the House of Reps must support the President’s efforts to tackle unemployment in the country.
He said “since job creation is one of the fundamental policies of the APC administration, we cannot treat job losses lightly.”
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