Sanni Onogu, Abuja
The Senate Committee on the Review of the 1999 Constitution is ready to obtain memoranda from Nigerians, it was learnt on Sunday.
Deputy President of the Senate and Chairman Senate Committee on Constitution Review Sen. Ovie Omo-Agege disclosed throughout his speech as a visitor of honour on the 50th anniversary of the Nigerian Military School, Zaria, 1970 set.
In a press release in Abuja, his spokesman, Yomi Odunuga, stated the Deputy Senate President additionally described the market hunch of crude oil value because of the international outbreak of Coronavirus pandemic as a wake-up name for Nigeria to look in direction of a life with out oil.
This, in response to him, would require daring coverage adjustments to restructure the nation’s mono-product financial system.
Senator Omo-Agege known as on the previous college students to vogue out inventive options to the challenges confronting the nation.
He stated: “The current international outbreak of the COVID-19… clearly poses peculiar challenges, not just for private well being, but in addition for the financial system and enterprise. As we’ve seen already within the international oil and international trade markets, these are scary challenges that we should remedy.
“Although the current administration has taken daring measures to stave off the outbreak from our shores, I’m certain this international menace stays within the thoughts of everybody of us right here.
“We must cope with the sharp drop in international oil costs and its influence on the 2020 price range and the trade fee, and by implication, on the quick, medium and long-term well being of the financial system.
“We will get by way of this, however it will require, greater than the rest, daring coverage adjustments to restructure the financial system as a result of it’s nonetheless too depending on crude oil.
“And this may necessitate some drastic adjustments in our methods of life. It won’t be simple. I’m very optimistic, nevertheless, that we will do it. And my optimism about Nigeria going ahead is partly as a result of we’ve folks such as you who’ve the self-discipline related along with your alma mater.
“We have begun work on this vital nationwide task. How far-reaching this might be, is dependent upon all of us.
“Soon, we will be having public hearings, as well as receiving memoranda. It is my hope that you will avail us your experience in this regard,” he said.
He, due to this fact, known as for help for the continuing reforms of the President Muhammadu Buhari administration, geared toward reaching sustainable financial progress for Nigerians.