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#MinisterialRetreat: Adeosun Tells Us What Buhari Says He Plans To Do With Emergency Powers

Chacha Wabara by Chacha Wabara
September 17, 2016
in Business News, Spotlight
#MinisterialRetreat: Adeosun Tells Us What Buhari Says He Plans To Do With Emergency Powers
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There is a current debate on the emergency powers being sought by the President from the National Assembly, with analysts, private sector, economists and other Nigerians offering different views as to the possible reasons the President is requesting for such powers.

The Minister of Finance, Kemi Adeosun, on Friday, however, told Nigerians what President Muhammadu Buhari says he plans to do with the emergency economic powers that he is currently seeking from the legislature.

According to her, President Buhari plans to use these powers to speed up processes related to ensuring the country’s revival from its current economic slumber. She made this known in a press briefing held on Friday after the one-day presidential retreat.

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The minister said that “unusual times need unusual measures” and as such the country could not afford to dilly dally in its search for solutions. “What we need is speed. That is why we want the National Assembly to help us with. We don’t have the powers to truncate the law. These are unusual times, which need unusual measures…” the minister said.

The powers, she said, would enable the President act quicker. She cited the example of having to advertise jobs for a minimum of 12 weeks as a delay that would further elongate the current hardship.

She however said that the FG would continue to ensure that there is open procurement in project allocation and implementation. ‘It’s still important we should have open procurement. Open procurement would give the best pricing and the best opportunities to Nigerians who do not know anybody in government.’ Premium Times quotes Adeosun as saying.

Part of this article originally appeared in Premium Times.


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Tags: Kemi AdeosunNigerian recessionPower Sector
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

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#MinisterialRetreat: Adeosun Tells Us What Buhari Says He Plans To Do With Emergency Powers

Minister Tells Us What Our ‘Biggest Problem’ Is And Who Is To Blame For It

Comments 2

  1. Anonymous says:
    September 17, 2016 at 1:28 pm

    May its me, but it doesn’t appear as if the Minister of Finance knows what she is talking about. She is just throwing words about with no real meaning

    Reply
    • Nairametrics says:
      September 17, 2016 at 1:45 pm

      Why do you say so?

      Reply

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