News

August 11, 2015

Reps to summon CBN, NPC, Finance Ministry on the state of economy

By Emman Ovuakporie and Johnbosco Agbakwuru

ABUJA -THE House of Representatives Tuesday resolved that the Federal Ministry of Finance, the Central Bank of Nigeria, CBN, and the National Population Commission, NPC should appear before the House to brief members on the real state of the nation’s economy.

The resolution to ascertain the condition of the country’s economy was contained in a motion sponsored by Rep. Bede Eke representing Aboh Mbaise/Ngor Okpala Federal Constituency of Imo State on the platform of the Peoples Democratic Party, PDP.

The House presided over by the Speaker, Yakubu Dogara mandated its Committee on Finance (when constituted) to invite the Federal Ministry of Finance, CBN, NPC and other relevant agencies to brief it so as to ascertain the true state of Nigeria’s economy and report back within three weeks.

The need to ascertain the condition of the nation’s economy came on the heels of the statement credited to President Muhammadu Buhari that Nigeria was erroneously being regarded as a rich country while indices and parameters of evaluating a rich country such as economic advancement and improved social services were lacking.