The National Chairman of United Progressives Party (UPP), Chekwas Okorie, says early passage of 2017 budget of N7.2 trillion by the National Assembly might end economic recession in Nigeria.

Okorie made the statement at an event in Owerri the Imo state capital south-east Nigeria.

He said if the budget is passed early and funds appropriated to various ministries, departments, and agency are promptly released, the economic challenges being faced by Nigerians in recent months could end.

Okorie, who was responding to questions from journalists said that he was optimistic the economy has a chance of survival in 2017. “The progress being recorded in food production like rice should be sustained” he said.