The senator representing Southern Senatorial District of Cross River State at the National Assembly, Sen. Gershom Bassey has moved a motion calling for
urgent attention to adopt value-addition and domestication strategies to ensure real and sustainable economic growth. The motion was seconded by Senator Ajayi Borrofice and supported by five other senators.
Accordingly, the 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.