Welcome to 9jaflaver


Celebrity News | 9ja foods / recipes | 9ja Musics | 9ja News | Education | Fashion | Football Updates | Freebeats | Lifestyle | Funny Photos

Like us on facebook | Follow us on twitter

You Can Email Us:- 9jaflaver@gmail.com

Follow Us On Instagram Here

Contact Us:-
Whatsapp:-+2348114624972  Call:-+2349076241148

Upcoming Artistes:- Promote your music on 9jaflaver Here

Music Artistes!! Join 9jaflaver Music Artistes Group (Rap, Singers, Artiste Group) - Get In Here

« | »

“Buhari Has No Plan To End Recession” – Senate

Senate: Buhari has no plan to end recession— 24th November 2016

From Fred Itua, Abuja

Senate said, yesterday, that President Muhammadu Buhari’s administration has no no economic blueprint to pull Nigeria out of recession.

The country’s upper legislative chamber gave the verdict during reconsideration of Buhari’s Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), yesterday.

The lawmakers also added that the president’s economic team is in disarray.

The legislators described the MTEF/FSP as shallow and empty and warned that if the documents are passed, as presented, they would have created room for the executive to present a faulty 2017 national budget.

Last month, Senate returned the MTEF/FSP to Buhari and in an October 19 letter, signed by Senate Leader, Ali Ndume, the chamber said it expected Minister of Budget and National Planning, Senator Udoma Udo Udoma to brief its leadership on some key issues contained in the documents.

Udoma did not turn up for the proposed meeting. The two documents, alongside the rejected borrowing plan, were returned to president Buhari.

Speaking on the new documents yesterday, Chairman of the Commitee on Defence, Senator Ahmad Lawan noted that “the benchmark is realistic. But, I have my reservation about the production level.

“We need to bring in more efforts to reconcile the government and people of the Niger Delta.

“This, in my opinion, will be the only way through which the government can achieve the 2.2 barrels per day.

Senator Dino Melaye, who was more critical, urged his colleagues to reject the proposals.

He said the documents were riddled with falsehood and that there was no significant difference between what was passed last year and what was presented to the National Assembly this year.

Senator Gbenga Ashafa said the documents were unrealistic.

He said: “We either accept or make necessary amendments to what has been presented.

“We can criticise, but we need to work with what we have. We have looked at the unrealistic projections made. One critical issue I want to raise is the estimated projected earnings of the government. It has significant shortfall.”

Senator Emmanuel Paulker aligned himself with Lawan and Melaye.

He said: “Looking at some of the parameters, it is glaring that you cannot comprehend the truth behind these assumptions.

“The Central Bank of Nigeria (CBN) governor said unemployment is high.

“The current inflation rate is 18.3 per cent, but, this document is misleading us by saying that the inflation rate is 4.6 per cent.

“I will not suggest that this document be returned, but, we must admit it was poorly prepared.”

Senator Sani Yerima opposed his colleagues and insisted that the documents were not empty.

“He said those uncomfortable with them should make their inputs.

“To say that this document is empty means that those saying it have not read it.

“What we need to do is to look at what is projected. These things were not done from the blues.

“You cannot just sit here and say that this document is empty.

“As an economist, I suggest that we pass this MTEF/FSP. Whoever has any issues can then make inputs.”

At the end of the heated debate, the two documents were approved and referred to the Committees of Appropriation, Finance and National Planning.

Meanwhile, Senate Minority Leader Godswill Akpabio said president Buhari will submit estimates of the 2017 budget to a joint session of the National Assembly in



Click Here To Comment On This Post


Falz – Well Done Sir

Download This New Single By Klinz Montana - Yoga

Let Me Introduce You To This Female Talented/Sexy Nigeria Music Artiste (Get In Here)

Listen, and enjoy Davido's new single "If" (Click Here)

Listen And Enjoy This New Song By Yemi Alade - Marry Me

This Singer Did A Cover Of Davido's If And It's Got People Talking (+18 XXX Only)

Music Artistes!! Producers Phonebook:- Phone Number Of Some Producers You Requested

author image
About 9jaflaver owner (Mr Ejump)

Mr Ejump Is the owner/CEO of 9jaflaver, he's an economist, a loving, and friendly young man. CONNECT via:- FACEBOOK TWITTER

Posted by on November 25, 2016.

Categories: 9ja news

There is love in sharing

0 Responses

Don't Just Read A Post And Go, Comment Below To Make The Post Lively

Do You Have Something To Say? Comment In The Box Below

Your Name Below

NOTE:- After Dropping your comment, keep calm, it will take 5mins before it appears.

« | »

9jaflaver Face Of The Week

9jaflaver face of the week

Name:- Ada Ukanwa
Occupation:- Student/Model
Instagram:- Mhixadah
Facebook:- Oluwabukola N Adisa

Wish to be our next face of the week, send your pics, instagram, bbm pin to us via whatsapp:- 08114624972

9jaflaver Music Of The Week

9jaflaver music of the week

Klinz Montana - Yoga (Prod By Dr Kris)y

Advertise | About Us | Privacy Policy | Contact Us | Content Removal | DMCA

Like us on facebook | Follow us on twitter
Copyright © 2016 9jaflaver
Powered By: 9jaflaver