Senate President Ahmad Lawan has assured Nigerians that the country will overcome the economic challenges facing the nation as a result of dwindling revenue from crude oil sales.
Lawan stated this while delivering a welcome speech to lawmakers who have just resumed from a five-week recess as part of the National Assembly’s effort to contain the spread of the novel COVID-19 disease.
According to him, the decision of the upper chamber to reconvene from recess was to enable them to sustain work on solutions and to ensure that the health crisis does not create further problems that might be much more difficult to deal with.
The Senate President also expressed concern that the pandemic has affected the 2020 budget, not just because of falling oil prices, but also because it has forced a reduction in economic activities, leading to an enormous loss of revenue.
He stated that the National Assembly had a series of engagements with the Executive Arm of government on areas of adjustments for a more realistic implementation of the budget.