- Sokoto state governor, Aminu Waziri Tambuwal, has revealed ways he believed Nigeria can get out or recession.
- Tambuwal advised the federal government to create jobs as that is the main way to escape recession
- The governor also said the former government under the administration of Goodluck Jonathan should be blamed for the current economic recession in the country
Sokoto state governor, Aminu Waziri Tambuwal, has revealed the main way he thinks can espace from the current economic recession affecting the country.
Tambuwal according to a report by Punch stated that creating job opportunities, especially, through the construction industry, and injection of more money into the economy, remain a sure way out of the current recession in the country.
Tambuwal said to pressmen in Sokoto: “The way out is to inject money into the system and create employment opportunities for the people.
“Ask any economist about the way out of recession, I am sure they will inform you that massive construction efforts, backed by the release of funds, will create jobs whose multiplier effects will jumpstart the economic barometer.
“This is part of the reason why we encouraged the Federal Government to disburse the funds from the debt relief for states to kick-start activities at the state level.”
The governor also reiterated his belief that the current economic recession should be blamed on past administration.
Tambuwal said: “The recession we are currently facing was as a result of the way the economy was mismanaged, largely, by the Jonathan administration.”
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Meanwhile, the House of Representatives has absolved federal lawmakers of blame for the current economic recession facing the country.
The chairman of the House tactical committee on economic recession, Dr. Bode Ayorinde, made the statement in Abuja on Tuesday, February 14, in response to question on whether the legislature was accepting blame that lawmakers also contributed to the downfall of the economy.
Ayorinde speaking soon after the committee was inaugurated by the speaker, Mr. Yakubu Dogara, said no action of the house could have contributed to the dwindling economy.