Nigeria Senate blames President’s ‘body language’ for economic crisis

ABUJA, (CAJ News) – NIGERIAN Senators have claimed President Muhammadu Buhari was discouraging investments into the country through his “body language” hence contributing to the economic recession.

The claim has been made at the Senate sitting in Abuja where the House commenced the deliberation on the economic challenges of the country with a view to recommending appropriate measures to address the issue.

A 13-point recommendation communiqué was released after the session, with Point 10 standing out.

“Body language of Mr President must change,” read the communique.

“His body language discourages investment.”

The Senate’s position on Buhari is the latest in a series of spats between the Senate and the Executive. Senate President, Bukola Saraki, is under probe for corruption, with the executive alleged to be behind the charges said to be trumped up.

Meanwhile, also recommended the release of looted funds to boost the economy, a cabinet reshuffle, that the Federal Government renegotiate the price of crude oil with the oil majors, build confidence in local people and revamp the agricultural sector.

Senate spokesperson, Charles Akpan, said the debate would continue on Thursday.

Nigeria, the continent’s most populous nation and biggest producer of crude oil, is experiencing economic problems, largely blamed on a failure to diversify its economy from an over-reliance on oil.

The oil sector is on a decline globally.
CAJ News

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Posted by on Sep 21 2016. Filed under Africa & World, Featured, Finance, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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