Nigerian Senate President, Bukola Saraki, has said Nigeria is set to benefit from additional 7.55 million employments in the coming years.
The Senate President made this revelation in his speech addressing the Senate on resumption of duties in Abuja today.
TheNewsGuru Senate House correspondence quotes the Senate President Saraki as saying that new National Assembly Business Environment Roundtable (NASSBER) research findings reveal that economic reform bills, dubbed Priority Bills, will have an output impact equivalent to an average of 6.87% of GDP over a 5-year period on the economy.
“The average annual growth in jobs is estimated at approximately 7.55 million additional employments as well as an average of 16.42% reduction in Nigeria’s poverty rate,” Saraki said, adding that over the projected 5-year period the Priority Bills would engender the addition of an average N3.76 Trillion to National incomes.
“National Disposable Income was N85.62 trillion in 2014, equivalent to 4.39% of 2014 figures,” said Saraki.
Senate President Bukola Saraki said that the NASSBER statistics make the delivery of the Priority Bills imperative and that the statistics confirm evidently that the Senate has gotten priorities right so far.
“It is hoped that as we begin to turn our focus now towards the passage of the 2017 budget, these bills will be implemented simultaneously with the budget to enable us exit the recession quickly,” Saraki said.