Conference of Former Speakers of State Houses of Assembly of Nigeria have called upon the federal government to implement policies to tackle the prevailing economic crises in the country.
In a communique issued at the end of the conference in Yola, Adamawa State, the former speakers suggested price control and subsidies on essential commodities as policies to be implemented.
According to the Chairman of the ex-speaker’s conference, a former speaker and immediate past Governor of Plateau state, Simon Lalong, improving infrastructures particularly transportation and energy would salvage the dwindling economy and better citizens life.
“Understanding the burden placed on citizens due to the rising cost of living, concerted efforts should be made to mitigate inflationary pressures through effective price control mechanisms, subsidies for essential commodities, and social welfare programs targeting vulnerable populations,” he said.
The conference further decried the naira depreciation and urged relevant authorities to find appropriate and lasting solutions.
The conference also noted that there is a dire need for prudent fiscal management, diversification of the economy, promotion of local production and entrepreneurship strengthening institutions responsible for monetary policies, as well as implementing measures to attract foreign investments capable of contributing to the stabilization of the exchange rate and foster economic growth and development.
The conference had in attendance, the; Governors of Adamawa, Delta and Ebonyi States, One Hundred and Twenty-Five former Speakers of the State Houses of Assembly, some of whom are serving Senators and members of the House of Representatives.
