By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Buhari Should Push for Emergency Law Pull Nigeria Out of Recession – Kalu
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Buhari Should Push for Emergency Law Pull Nigeria Out of Recession – Kalu

Farouk Mohammed
By Farouk Mohammed
Published: September 17, 2016
Share
5 Min Read
SHARE

orji-kalu-754x5001-1-1

A former governor of Abia, Chief Orji Kalu, has advised President Muhammdu Buhari to initiate policies and legislations that will bail Nigeria out of the current economic recession.

Orji told newsmen in Umuahia on Friday on the sideline of a reconciliatory meeting organised in his honour by an Umuahia sociocultural organisation, called Igurube-Egwuasa.

He expressed regrets that the recession had resulted in the closure of many companies and manufacturing concerns, while many industries were producing below capacity.

- Advertisement -

The former governor also advised the president to introduce “stimulus” that could help to stimulate the manufacturing and industrial sectors of the nation’s economy.

“The president should push for an emergency law that would help to stimulate economic growth and bring the country out of recession.

“The moment the manufacturing sector attains full-capacity production, there will be less dependence on importation and this will shore up the value of the naira,” he said.

Kalu said that the activities of Niger Delta militants further aggravated the nation’s dwindling revenue, leading to a full-blown recession.

- Advertisement -

He said that he first noticed the signs of economic recession in the country in 2014, when the Federal Government borrowed to pay the salary of federal civil servants. “At that time, I raised the alarm that Nigerian economy had gone into recession but nobody believed me, instead, I was abused and castigated, ” he said.

Kalu, founder Progressives Peoples Alliance (PPA), after defecting from the Peoples Democratic Party (PDP) in the twilight of his administration, said that the party was still relevant in the nation’s politics. “PPA is not struggling, it is as good as other parties in the country,” he said.

The PPA’s senatorial candidate for Abia north, also reacted to Thursday’s jNational and State Assembly Election Petitons Tribunal judgment which dismissed his petition in favour of Sen. Mao Ohuabunwa of PDP.

He said the tribunal, headed by Justice James Abundaga, “erred in law” in its judgment that his petition lacked merit.

“The tribunal erred in law but I will seek the opinion of a higher court. We will appeal the judgment.

“And I am confident that another court will have a different opinion from that of the tribunal in our favour,” he said. On the reconciliatory meeting, Kalu said that he had forgiven all those who offended him politically or otherwise, including his successor and immediate-past governor, Sen. Theodore Orji.

The former National Chairman of PPA, Chief Larry Essien, who was at the meeting, commended the conveners and expressed delight over their disposition to enthrone peace in the area. Essien urged Ndigbo to unite and pursue their common objective of producing the next Nigeria’s president of Igbo extraction.

He said that Kalu, who he described as a prominent and detribalised Nigerian, “represents the future of Ndigbo,” and asked the people to rally support for him.

The other speakers, included a former Chairman of PDP in the state, Chief Tony Ukasanya, the paramount ruler, Ibeku Ancient Kingdom (Umuahia), Eze Samuel Onuoha, Chief Laz Onwuneme (Igwe Ohuhu) and the Traditional Prime Minister of Ibeku, Chief Uche Akwukwaegbu.

They all appealed to Kalu to forgive them for having at various times abandoned him when he needed their support, especially during his political face off with Sen. Orji.

“We are very sorry for all our weaknesses and sins against you. We know how you defied all odds and invested your resources to make our son, Theodore Orji, the governor.

“We apologise to you and ask for your forgiveness for all we did against you rather than being grateful to you,” Akwukwaegbu said.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:buhariKaluNigeriaRecession
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article EFCC Detains Ex-Governor Ibrahim Shema Over N76bn Fraud
Next Article Kogi Police Bans Public Jubilation

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow
- Advertisement -
Ad imageAd image
- Advertisement -
- Advertisement -
Ad imageAd image

Recent Posts

Tonye Cole Declares Nigeria’s Presidential System Unsuitable, Calls for Homegrown Governance Model
News Politics
Ekiti State Advances Water and Sanitation Infrastructure with Solar-Powered Facilities
News
NYSC Sets Date for Commencement of Batch ‘A’ Stream II Orientation Course
News
NELFUND
NELFund Expands Interest-Free Loans to Vocational Centres, Enugu Among First Beneficiaries
Education News
Finnish Authorities Charge Simon Ekpa with Terrorism Over Biafra Separatism
News
- Advertisement -
Ad imageAd image

You May Also Like

News

FG Revalidates Social Register to Boost Cash Transfer Payments Amid World Bank Concerns

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 17, 2025
Mr Macaroni
Celebrities

Mr Macaroni Opens Up About Fear of Marriage, Says He’s ‘Zoned Out’

Damilola A.
Damilola A.
May 16, 2025
News

JUST IN: Tinubu Hosts Alaafin of Oyo at State House, Reaffirms Role of Traditional Rulers in National Unity

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
May 16, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?