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UK store plans rescue strategy to avoid closure, job

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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 […]

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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 […]

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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 […]

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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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NECA unveil ICT training for youths 

The Director General of the Nigeria Employers’ Consultative Association, Mr. Adewale-Smatt Oyerinde has stated that NECA’s ICT Academy is ready to train 35 trainees in Information and Computer Technology. Oyerinde disclosed this during the induction ceremony held recently in Lagos, according to The Punch. He emphasized the necessity for youth empowerment programs to address the […]

Business

NECA urges FG to address exit of multinationals

The Nigeria Employers’ Consultative Association has advocated for proactive measures to mitigate the impact of the multifaceted challenges that businesses are currently facing, which is leading to the exit of multinational companies. The Punch reported that NECA applauded the Federal Government for providing the N125 billion Presidential Palliative Program as a means of aiding manufacturers and […]

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

Why businesses are becoming hopeless – NECA

The Nigeria Employers’ Consultative Association has stated that businesses are overstretched and are becoming hopeless as a result of the rising cost of living brought on by the increase in the price of petroleum and motor spirit. In a statement on Thursday, the Director-General of NECA, Mr. Adewale-Smatt Oyerinde, urged the government to adopt more serious measures to […]

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

NECA urges FG to increase forex inflow

The Nigeria Employers Consultative Association has urged the Federal Government should take a multifaceted approach, including dealing with oil theft, to increase foreign exchange inflows and strengthen the Naira. According to Vanguard, in a press conference announcing the upcoming 2nd edition of the Employers’ Summit in Lagos yesterday, the Director General of NECA, Mr. Wale-Smatt Oyerinde, suggested […]

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

NECA calls for suspension of new manufacturing tariffs

The federal government has been urged to halt the proposed tariff hike for the manufacturing sector, according to the Nigeria Employers Consultative Association. Nairametrics reported that according to them, the introduction of excise duty on single-use plastics and the Import Adjustment Tax levy on vehicles of 2000 will have disastrous effects on the manufacturing sector. […]

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