Some Senators have rejected the proposed “Emergency Economic Stabilisation Bill 2016” President Buhari is planning to send to the National Assembly for the lawmakers to grant him emergency powers to enable him take some decisions that will help to push his planned stimulus for the economy without consulting them.
According to Thisday, many of the senators who have spoke on condition of anonymity, say the bill if passed, will turn President Buhari into a tyrant. They say the bill will not see the light of day and that it is dead on arrival.
The senators accused President Buhari of repeatedly trampling on the powers of the legislature even without any extra power and that if the proposed emergency power is granted to him, the President would more or less reduce the National Assembly to a rubber stamp like the kinds of legislature that exist in China and Russia.
A source at the presidency told newsmen over the weekend that the proposed Emergency Economic Stability bill is geared towards addressing the bottlenecks in contract issuance, payment for contracts, release of funds, visa issuance for expatriates and other areas that if addressed will help the country economically.
The bill is based on recommendations by the National Economic Council which is chaired by Vice President Yemi Osinbajo.