Motion on the urgent need to address the present economic state of the nation

Motion on the urgent need to address the present economic state of the nation. The motion, which was presented on Wednesday, 25th May, 2016 drew the attention of the government to the nation’s economic scorecard, released by the National Bureau of Statistics which indicated that the economy had plunged into recession. Senators supported the motion; and both the Finance Minister and the CBN governor were invited to brief the Senate on the monetary and fiscal policies adopted to salvage the situation.