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Tag: NECA

Ban on styrofoam, satchet alcohol to worsen employment - NECA
Business

NECA hails FG’s 15% import tariff to boost local refinery

The Nigeria Employers’ Consultative Association has praised the federal government’s recent decision to impose a 15 per cent import tariff on certain petroleum products, describing it as a timely and necessary step to support and stimulate local refining. In a statement released on Sunday in Abuja, NECA’s Director-General, Mr. Adewale-Smatt Oyerinde, stated that “it is […]

Economy

NECA applauds decline in inflation rate, urges policy shift

The Nigeria Employers’ Consultative Association has applauded the steady decline in Nigeria’s inflation rate, which has moderated for five consecutive months. According to the National Bureau of Statistics Consumer Price Index report, headline inflation eased to 20.12 per cent in August 2025, down from 21.88 per cent in July. NECA’s Director-General, Adewale-Smatt Oyerinde, stated that […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
News

NECA commends FG’s suspension of 4% FOB levy

The Nigeria Employers’ Consultative Association has commended the federal government for suspending the four per cent free on board collected by the Nigeria Customs Service. Speaking in Lagos, Adewale-Smatt Oyerinde, director-general of NECA, said the move demonstrates the government’s commitment to supporting the organised private sector and driving economic growth. He noted that the withdrawal […]

Conferences

NECA joins African summit to champion digital economy, business growth

The Nigeria Employers Consultative Association will be part of a summit hosted by the Federation of Kenya Employers, Business Africa Employers Confederation, International Labour Organisation and the International Organisation of Employers, to champion business growth and the digital economy on the continent. This event brings together business leaders, policymakers and global experts to shape the […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
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Why states should pay above N70k minimum wage – NECA

Following the rising cost of living in the country and its impact on the people, as well as the increase in Federal allocations to all tiers of government, the Nigeria Employers’ Consultative Association has said state governments had no excuse not to pay civil servants above the N70,000 minimum wage. Director General of NECA, Adewale […]

Business

Private sector remains Nigeria’s largest employer, says NECA DG

The Director-General of the Nigeria Employers’ Consultative Association, Adewale Oyerinde, said the private sector remains Nigeria’s largest employer, creating jobs within companies and across their value chains. In a Channels Television interview on Tuesday, he challenged the notion that government employs more Nigerians, emphasizing that private businesses drive far greater direct and indirect employment. “It […]

News

NECA hails Tinubu’s commitment to retirees’ welfare

The Nigeria Employers’ Consultative Association has applauded President Bola Ahmed Tinubu for his sustained commitment to the welfare of retirees and pensioners nationwide. In a statement, NECA Director-General, Adewale-Smatt Oyerinde, said the president’s consistent focus on pension matters reflects a deep appreciation for the contributions of workers who devoted their productive years to building the […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
News

Employers hails FG’s reforms to boost business climate, cut costs

The Nigeria Employers’ Consultative Association has applauded the federal government for introducing critical reforms to enhance the business environment and lower operational costs in the country. NECA’s National President, Mr. Ifeanyi Okoye, made the remarks in his welcome address at the association’s 68th Annual General Meeting, held in Lagos on Wednesday. Okoye identified the Nigerian […]

Employers slam FRC over levies on private firms
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Employers slam FRC over levies on private firms

The Nigeria Employers’ Consultative Association has strongly criticized the Financial Reporting Council of Nigeria for imposing what it describes as “outrageous” annual dues on private and non-quoted companies. In a statement, NECA warned that the policy could cripple businesses and stifle economic growth. “This outcry follows the implementation of the Financial Reporting Council Amendment Act […]

News

NECA urges FG to clear military’s outstanding electricity debts

The Nigeria Employers’ Consultative Association has urged the Federal Government to promptly address the rising electricity debt owed by military bases nationwide. This call follows a violent attack by Air Force personnel from the Sam Ethan Air Force Base, Ikeja, on Ikeja Electric offices in Isolo and Alausa, Lagos. The attack was reportedly triggered by […]

News

NECA warns factory closures in Lagos may deter investors

The Nigeria Employers’ Consultative Association has stated that the closure of factories belonging to major manufacturing companies in Lagos by the Lagos State Water Regulatory Commission, due to alleged non-payment of water abstraction levies, could deter potential investors. NECA also expressed concern that the move could heighten employees’ fears about job security and paint the […]

News

GDP growth report at odds with economic reality – NECA, CUPP

The Nigeria Employers’ Consultative Association and the Conference of United Political Parties have stated that despite the 3.42% GDP growth figure released by the National Bureau of Statistics, unemployment and the reality in many households remain in stark contrast. NECA, the umbrella body for employers and the voice of business in Nigeria, in a statement […]

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