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Tag: NECA

Business

Many businesses yet to feel impact of FG’s economic reforms – NECA

The Nigeria Employers’ Consultative Association has said that many businesses are yet to feel the positive impact of the federal government’s economic reforms. NECA Director-General Adewale-Smatt Oyerinde told the News Agency of Nigeria on Sunday that companies are still grappling with inflation, high energy costs and foreign exchange volatility, despite some gains in key economic […]

Opinion

NECA queries NNPC refinery deal with chinese firms

The Nigeria Employers’ Consultative Association has raised serious concerns over the recent Memorandum of Understanding signed between the Nigerian National Petroleum Company Limited and Chinese firms for the “restart, completion and expansion” of the Port Harcourt and Warri refineries. It also warned that Nigeria could not afford another failed refinery rehabilitation project. Vanguard reported that […]

Business

NECA, stakeholders push for more robust labour justice systems

The Nigeria Employers’ Consultative Association and the International Labour and Arbitration Forum on Thursday held a high-level dialogue on improving access to labour justice, warning that delays, weak enforcement, and outdated laws risk undermining industrial harmony in a rapidly changing workplace. Titled “Access to Labour Justice in a Rapidly Changing World of Work,” the event […]

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
News

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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