Oil theft pushing Nigeria’s economy into coma

According to sunnewsonline report, Nigeria’s Senate President, Dr. Ahmad Lawan on Tuesday in Abuja, said the generation and collection of revenues have remained the country’s major challenges as well as the massive loss of revenue through oil theft, now “debilitating and threatening to throw the economy into a coma.”

Addressing his long-inactive colleagues, Rowan said revelations about the scale of oil theft show Nigeria could soon lose all revenue from the oil sector. lamented. He instructed his colleagues to do everything possible to curb this theft.Information Guide Nigeria

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Rowan said the country’s economy remained in a difficult situation and stressed the need for parliament and the executive branch to constantly look for better solutions to the dire economic situation. The Senate Speaker said the focus of Congress must be on ensuring a safe country with a functioning economy for all citizens.JAMB Result

“Over the next nine months, our attention and dedication should improve the current situation. This Senate will always be the Senate that works for all Nigerians,” Rowan said.

The President of the Senate confirmed that the Acting Chief Justice of Nigeria, CJN, Justice Orkayode Aliuola, is working on the 2023-2025 Medium-Term Expenditure Framework and Fiscal Strategy Document, MTEF/FSP, and the 2022 Budget, I have informed you that we are working to help the country. Defense forces and security forces will be a particular focus of the Senate over the next three months.

He also announced that President Muhammad Buhari will submit his 2023 budget proposal to a joint session of parliament in the first week of October.

He said: We applaud this distinguished senator for this accomplishment and his legacy in changing the annual budget cycle of the federal government. ”

Lawan reminded his colleagues that he resumed the very good work he had done over the past three years.

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