The move by President Muhammadu Buhari
to secure emergency powers aimed at addressing the nation’s economic
crisis may not see the light of the day, as senators yesterday rejected
the proposed bill, saying Buhari was seeking to transform himself into a
tyrant and would foist a dictatorship on the nation, Thisday reports.
The bill entitled, “Emergency Economy
Stabilisation Bill 2016”, will be sent to the National Assembly by the
president upon resumption from its summer vacation and after the Eid el
Kabir holidays.
However, given the reaction of some
senators to the proposed emergency powers being sought by Buhari through
the bill, the legislation may be thrown out.
Several senators, vehemently kicked against it, adding that it was “dead on arrival”.
According to the senators, who did not
want to be named, some of the provisions in the bill were unnecessary,
describing it as nothing more than a subtle way of avoiding counterpart
funding by the Buhari administration.
According to them, if the bill is passed
as proposed, the president will gradually transform himself into a
dictator and draw Nigeria back to the path of military rule, which it
exited 17 years ago.
They said without the so-called
emergency powers at his disposal, Buhari has continued to trample on the
powers of the legislature, explaining that if given further powers, he
would more or less reduce the National Assembly to a rubber stamp like
the kinds of legislature that exist in China and Russia.
Accordingly, the senators vowed to kill the bill before Buhari kills the entire
legislature and by extension, the nation’s traumatised democracy.
An unnamed government official had
disclosed to reporters at the weekend that Buhari would seek emergency
powers from the National Assembly to push his planned stimulus for the
economy.
The objectives of the bill will include
shoring up the value of the naira, job creation, boosting foreign
exchange reserves, reviving the manufacturing sector, and improving
power supply.
The quest for emergency powers by the
executive is the initiative of the economic team headed by
Vice-President Yemi Osinbajo, which has been saddled with the
responsibility of reviewing various policies in the country and their
effects on the economy.
The economic team examined the state of
the nation and concluded that there was urgent need to take some drastic
decisions that the nation’s extant laws do not provide for.
This assumption by the team was
predicated on the belief that the recession might last longer than
expected and Nigerians would not get the desired respite, which is the
goal of this government.
As provided in the bill, the president is seeking unfettered powers to set aside some extant laws and simultaneously be empowered to come up with an economic recovery initiative within the next one year.
Among others, the bill also seeks to
empower Buhari to abridge the procurement process with a view to
guaranteeing stimulus spending on critical sectors of the economy; make
orders to favour local contractors/suppliers in contract awards; abridge
the process of sale or lease of government assets to generate revenue;
and allow virement of budgetary allocations to projects that are urgent,
without a recourse to the National Assembly.
It also seeks to amend laws such as the
Universal Basic Education Commission (UBEC) Act, so that states that
cannot access their cash trapped in the commission’s accounts as a
result of their inability to meet the counterpart funding can do so.
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