Urgent need to adopt value-addition and domestication strategies to ensure real and sustainable economic growth by Senator Gershom Bassey, Gershom Henry and five others.
Senator Ajayi Borrofice seconded.
Senate resolved to:
Mandate the Committees on National Planning and Economic Affairs and Trade and Investment to:
a. Conduct and urgent review of previous Economic plans to ascertain why these plans, policies, and legislation have fallen short of ensuring real and sustained economic growth;
b. Engage relevant industry experts to investigate the current challenges to optimum production and value addition in the relevant sectors (amended); and
c. Articulate a framework for an evidence-based and implementable roadmap to achieve value-added diversification and sustainable economic growth through future economic plans and subsequent budgetary considerations.
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