Tag: NECA

‘FG’s policies crippling businesses’- MAN, NECA, NACCIMA

Aminu Imam

The Manufacturers Association of Nigeria, (MAN),  the Nigeria Employers’ Consultative Association, (NECA), and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, (NACCIMA), have blamed hastily implemented government policy shifts without corresponding plans to mitigate the negative effects of the inception of the present government for the socio-economic crises confronting the country currently. The trio spoke separately on the issue yesterday, with NECA saying major policy shifts undertaken by the government in 2023 and the adverse impacts they had across various sectors, are having terrible effects on businesses…

Read More

?’Any amount above N62,000 as minimum wage will create job losses’ – NECA

Aminu Imam
NECA on minimum wage

The Nigeria Employers Consultative Association, (NECA) says any amount above N62,000 approved as a minimum will create job losses. Its Director-General, Adewale-Smatt Oyerinde, said this while speaking with journalists on Tuesday. in Abuja, on the sidelines of the third edition of the Nigeria’ Employers Summit, with the theme, “Economic Renaissance: Harnessing Government Reforms and Private Sector Agility”. Oyerinde said that the organised private sector cannot afford above the N62,000 as agreed during the tripartite committee negotiation meetings. According to him, any figure above N62,000 will create two different dynamics –…

Read More

Multi-national Firms Exit: ‘Nigerians lose 20,000 jobs’ – NECA

Aminu Imam

The scourge of unemployment, which has been rising in the past decade, is worsening, as the nation lost over 15 foreign businesses in the last three years to unfavourable environment, according to data from the Nigeria Employers’ Consultative Association, (NECA). The information added that over 20,000 workers had either divested or partially closed operations. This development, according to NECA, has had dire consequences not only for organised businesses, but also for labour, government revenue and households. Recall that two weeks ago,  a global brand, Procter & Gamble (P&G) announced its…

Read More

Attend to Nigerians’ agitation over rising cost of living – NECA urges FG

Aminu Imam

The Nigeria Employers’ Consultative Association, (NECA), has urged the Federal Government to address agitations by Nigerians over the rising cost of living in the country. The employers’ body said that it was imperative for the government to take urgent and deliberate actions to mitigate the persistent rise in inflation in order to check what it called “fast-accelerating cost of living in the country”. Such actions, NECA noted, may include price stability mechanisms, periodic feedback on the progress of the ongoing work at the refineries, reversal of the value-added tax on…

Read More