• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, May 13, 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

Private Sector Raises Concern Over Incessant Summons By NASS Committees

by Adegwu John
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Organised Private Sector of Nigeria (OPSN) yesterday raised concern over  unbridled invitations and summons of its members by the National Assembly Ad-hoc Committees for investigative hearings.

Advertisement

OPSN said that the over decade of continued  legislative onslaught has created unnecessary distractions for businesses in Nigeria  and further dampened the interest of direct foreign investors.

The body comprises  Manufacturers Association of Nigeria (MAN), Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers Consultative Association (NECA), Nigeria Association of Small-Scale Industries (NASSI) and Nigeria Association of Small and Medium Enterprises (NASME).

Director-general of MAN, Segun Ajayi-Quadri told journalists at a briefing in Abuja that sections 88 and 89 of the constitution which has been relied upon by the Committees of the National Assembly is not applicable to businesses in the private sector.

While calling the legislative arm to desist from further threat of its members, Ajayi-Quadri pointed out that the National Assembly should not be the lawmakers and enforcers or implementers of the same laws.

RELATED

Court Restrains Reps From Investigating Sterling Bank

Sterling Bank, BOI, LASG Launch N10bn in SME Loans at Single-digit Rates

28 minutes ago
IMO Ready To Collaborate With NIMASA On Marítime Challenges – Scribe

$700m Cabotage Fund To Be Disbursed At Single Digit Interest Rate – NIMASA

30 minutes ago

According to him, “The continuous invitations and related activities by the various Committees and Ad-hoc Committees are at variance and unmindful of the proceedings in court and the Supreme Court itself.’’

We expect that the National Assembly will stay further action as a proof of respect for the principle of separation of powers, pending the decision of the court.

It should interest you to note that many businesses have relocated out of the country and many others are rounding off their exit plan because of the inhospitable business environment”,

The body prayed that the National Assembly  focus on strengthening the capacity of the executive agencies to effectively carry out their functions, and refrain from carrying out any activity that would constitute a burden or destabilise law abiding businesses in the form of duplicated audits and regulations.

Ajayi-Quadri said that the achievement of the 8-point Agenda of the current administrations requires a conducive environment and active participation of the private sector and  craved the support and partnership of the National Assembly to enable the private sector to make its own contribution to this national agenda.

“We are highly desirous of a constructive engagement with the leadership of the Committees and seek the urgent intervention of the leadership of the National Assembly in order to bring about an amicable solution and deepen our collaboration for the good of the country”, he said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

As Michael Olayemi Cardoso Steps In

Next Post

Nigeria’s Qua Iboe Crude Above $100 Per Barrel

Adegwu John

Adegwu John

You May Like

Court Restrains Reps From Investigating Sterling Bank
Business

Sterling Bank, BOI, LASG Launch N10bn in SME Loans at Single-digit Rates

2025/05/13
IMO Ready To Collaborate With NIMASA On Marítime Challenges – Scribe
Business

$700m Cabotage Fund To Be Disbursed At Single Digit Interest Rate – NIMASA

2025/05/13
Bear Resurfaces As Equities Investors Lose N639bn
Business

Equities Market Opens Week Low By N296bn Loss On Weak Activates

2025/05/13
Ways To Retain Existing Customers For Business  Continuity
Business

‘Global Business Optimism Slips Amid Trade Uncertainty’

2025/05/13
LG Unveils OLED Evo Series At CES 2024
Business

CSR: LG Launches Solar Water Borehole Projects For Sustainable Community Development

2025/05/13
Schneider Electric Appoints Canninah Dladla As Cluster President
Business

Schneider Electric Appoints Canninah Dladla As Cluster President

2025/05/13
Leadership Conference advertisement

Leadership Conference advertisement

LATEST

Hajj: 560 Pilgrims Airlifted From Ilorin Airport

FCT Open Grazing: We Have To Tread Cautiously – Wike

‘Leicester City Can’t Keep Hold Of Ndidi’

NFF, Ogun State Seal Pact On Football Matches, Events

EPL: Fulham Must End Season On A High – Iwobi

Nigeria’s Ambitious Goal Of Becoming Global Sporting Hub Gains Momentum

Nigeria To Host WAFU B U-17 Championship

Transfer: Move To Premier League, Amokachi Urges Osimhen

Transfer: Arnold’s Case Different From Mine, Salah –Van Dijk

Vinicius, Vazquez Injured, Out Final Of La Liga Matches

© 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.