Showing more signs of strains, the recession-hit Nigerian economy was subject of more national and international political and economic discourses this week.
The Nigerian senate debated on how to rescue the country from the slump while President Muhammadu Buhari in New York also made a case for his economic reforms which got the endorsement of US President Barack Obama.
These pieces of news and more are in our news recap for this week.
For the umpteenth time, the Central Bank of Nigeria (CBN) told Nigerians the economic recession was caused by past governments’ failure to save for the rainy days well as poor monetary and fiscal policies were partly responsible for the country’s current recession.
However, Nigeria’s battered currency, naira, on Monday appreciated against the dollar at the interbank market.
To take the country out of economic recession, the Senate has 14 proposals for the Executive.The upper legislative chamber Tuesday said the Executive arm of government should note that when people are desperately hungry, what they need is leadership with a clear vision; leadership whose daily actions reflects the very urgency of the people’s condition.
While the debates go on at the National Assembly about the economic slump, hungry youths in Niger State capital, Minna, have found a novel but an ugly way of getting their daily bread: stealing lunch boxes from pupils who trek to school, the Guardian reported on Wednesday.
Nigeria’s minister for women affairs, Aisha Alhassan, experienced her own slump that may not have been hunger induced. The minister slumped on Monday while inspecting an Internally Displaced Persons (IDPs) camp in Fufore local government area of Adamawa State.
Not pleased by the current state of the nation, news emerged on Monday that some aggrieved members of the ruling All Progressives Congress (APC) and main opposition People’s Democratic Party (PDP) have elected to form a new party that rival the other two.
Do Nigerian elders have a role to play in making the country better? The Guardian said yes in its editorial of September 19. In it, the newspaper expressed its displeasure with ‘somewhat uninformed’ and ‘downright divisive’ position of some of the nation’s supposed elders, which it tagged as a disservice to the country.
Also not pleased with the state of things, this time with his club unimpressive run of three straight defeats, Manchester United coach Jose Mourinho, said his player needed to up their game. He Manchester United’s humiliation at Watford underlines how much work needs to be done to transform his spluttering side into title contenders.
In tech: Google late Monday sent out invitations to an October 4 event, hinting that the Internet titan will show off a new smartphone powered by its Android mobile software. The invitations revealed only the time and place for the gathering in San Francisco.
That’s all for this week. You can catch up with past editions of news recap here.
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