• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NECA Raises Concerns Over More Business Closures

by Andrew Ojiezel
1 year ago
in Business
NECA
Share on WhatsAppShare on FacebookShare on XTelegram

Director general and chief executive officer (CEO), Nigeria Employers Consultative Association of Nigeria (NECA), Adewale-Smatt Oyerinde has raised alarm over the looming collapse of more business outfits because of the bad business environment and unfriendly government policies.

Advertisement

Oyerinde also cried against the #Endbadgovernance protest because of destruction of lives and properties that came with it.

According to him “the unfortunate looting that has characterised the protest in some parts of the nation is condemned. While we commend the President for addressing the nation on the protest and the many ongoing efforts of the government to address the pains of Nigerians, we urge the government to also give urgent attention to the myriads of contradictions bedevilling the private sector to enable economy open up and return to the path of rapid growth.

“While the nation grapple with high unemployment rate and low business capacity utilisation, some regulatory agencies are still creating bottlenecks for business growth; it is obvious to all that the Taiwo Oyedele-led Presidential Committee on Tax and Fiscal Policy Reforms have done creditably well in engaging critical stakeholders and building consensus on the tax reforms, however, some agencies continue to introduce new levies and other forms of taxes, negating the one of the main reason for the establishment of the Presidential Committee.

“The expectations that Dangote Refinery will contribute to reducing the nation’s propensity for fuel importation was almost dashed by regulatory bottlenecks in the Oil and Gas industry, thanks to the Presidential decision that paved the way for sale of crude to the Dangote refinery in Naira. This is especially worrisome given the significant time and effort the President has invested in wooing Foreign Direct Investors.”

RELATED

JUST-IN: NAICOM Revokes Operational Licenses Of Niger Insurance, Standard Alliance

Delayed Guidelines Drag Insurance Recapitalisation Process

16 hours ago
Large-cap Stock Drives Local Bourse To N180bn Gains

Shareholders Get N117.86bn Half-year Dividends From 12 Listed Firms

16 hours ago
ADVERTISEMENT

 

He called on Tinubu to summon the organisers of the protest for dialogue in order to find lasting solutions to the protest.

 

ADVERTISEMENT

Saying that suspension of the sugar tax for the Food and Beverage (sugar sub-sector) will allow the sector stabilise and contribute maximally to current efforts at achieving food security, he noted that, sustaining the supply of crude oil to the Dangote refinery as directed by the President to reduce the nation’s propensity to import fuel, even as he urged government to curtail the rising interest and inflation rates, while also addressing ongoing forex volatility.

 

‘All these measures, no doubt, are crucial to unlocking the potential of Organised Businesses and fast track the much needed economic growth,’ he noted.

 

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: NECA
SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

NPA, Truck Park Renew Collaboration On Sustainable Growth In Marítime Sector

Next Post

Implementation Of Duty-free Policy On Imported Food Items Begins Next Week

Andrew Ojiezel

Andrew Ojiezel

You May Like

JUST-IN: NAICOM Revokes Operational Licenses Of Niger Insurance, Standard Alliance
Business

Delayed Guidelines Drag Insurance Recapitalisation Process

2025/08/25
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Shareholders Get N117.86bn Half-year Dividends From 12 Listed Firms

2025/08/25
UBA Bank plc
Business

UBA Customers To Win N150m In Super Savers Promo

2025/08/25
Bureau Rate NIMASA High On Public Service Reforms
Business

NIMASA, Engineers Strengthen Collaboration For Blue Economy Growth

2025/08/25
Ojulari’s First 100 Days at NNPC Ltd: A Bold Start Anchored On Reform, Transparency, And Clean Energy
Business

After 3 Misses, NNPC Sets Nov For AKK Gas Pipeline Completion

2025/08/25
Job Losses: 483,464 Persons Withdraw N247.47bn From Pension Savings
Business

Board Inauguration Beyond Our Control, PenCom Responds To NLC

2025/08/25
Leadership Conference advertisement

LATEST

Oil Theft Nearly 100% Eliminated, Says NNPCL GCEO

FG Signs BASA Agreement For Direct Flights To Brazil

16-yr-old Ngumoha Rescues Liverpool From 10-man Newcastle Assault

Taskforce Arrests 10 Suspected Illegal Miners In Cross River

6 Die, Others Injured ln Delta Car Crash

Veteran Juju Music Star Ahuja Bello Dies

3 Farmers Die, 17 Rescued As Boat Capsizes In Borno

ASUU Warns Federal Gov’t Over Unresolved Demands

ACF: PDP, Other Parties’ Zoning Not Covered By Constitution

Wike Vindicated Over PDP Zoning Of Presidency To South, Party Chair To North — Aide

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.