The Majority Leader of the Senate, Senator Michael Opeyemi Bamidele, Friday, challenged federal lawmakers to come up with creative legislative frameworks and provide robust oversight support that could guarantee the appreciation and stability of Naira.
He explained that both chambers of the National Assembly “are under obligations to stem the recurring decimal of Naira devaluation and promote economic stability. This entails appropriate legislative framework and oversight support for the implementation of responsive fiscal and monetary policy measures.”
He observed that ensuring more access to arable farmland would boost agricultural production exponentially and guarantee food security nationwide because most Nigerians, especially those in the rural communities, are predominantly farmers. He explained that effective implementation of the poverty alleviation programme “is fundamental to promoting peace, harmony and sustainable democracy in Nigeria where over 70 per cent of the nation’s population is reportedly living below poverty line.
Pointing out the alarming rate of corruption in the public space, Bamidele warned that the federation should prepare for mass action from the downtrodden, which might manifest in the form of protests.
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