Nigeria’s parliament asks Buhari to explain strategy to fight recession – Reuters

ABUJA Oct 6 (Reuters) – Nigeria’s parliament asked President Muhammadu Buhari on Thursday to brief lawmakers on the government’s strategy to lift the West African nation out of recession, lawmakers said.

Such a briefing would “enable the National Assembly to take further legislative action,” said a motion which was approved by both chambers of parliament.

Buhari’s office was not immediately available for comment.

Parliament passed a motion last month calling on the government to “prepare an economic stimulus bill that would contain all the fiscal stimulus packages, investments and incentives designed to pull the country out of recession.”

The country has plunged into recession as oil prices have collapsed, eroding public finances and hard currency reserves.

On Saturday, Buhari said the government had spent 720.5 billion naira ($2.4 billion) on capital expenditures this year to revive the economy but some lawmakers have demanded more action. (Reporting by Camillus Eboh; Writing by Ulf Laessing; Editing by Dominic Evans and Hugh Lawson)