National Economy
Tuesday, June 3, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

NECA Raises Alarm Over Imminent Collapse Of Real Sector

by `
10 months ago
in Business, News
Reading Time: 2 mins read
Collapse
Share on FacebookShare on TwitterShare on Telegram

You May Like

Mouka Rewards Top Business Partners With Trip To Cape Town

Union Bank Hosts Math Contest For Hearing-impaired Students

The director-general and Chief Executive Officer(CEO), Nigeria Employers Consultative Association of Nigeria (NECA), Mr. Adewale-Smatt Oyerinde, has raised alarm over looming collapse of more business outfits because of bad business environment and unfriendly government policies.
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 government to address pains of Nigerians, we urge government to also give urgent attention to the myriads of contradictions bedeviling 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.”
He called on Tinubu to summon the organisers of the protest for dialogue in order to find lasting solutions to the protest.
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.

Tags: CollapseNECAReal Sector
ShareTweetShare
Previous Post

Businesses: Responding To Cheap And Substitute Products

Next Post

As Nigeria Launches AI, Blockchain Training For 1,000 Youths Annually

ANOTHER GOOD READ

Mouka Rewards Top Business Partners With Trip To Cape Town
Business

Mouka Rewards Top Business Partners With Trip To Cape Town

20 hours ago
Union Bank Hosts Math Contest For Hearing-impaired Students
Business

Union Bank Hosts Math Contest For Hearing-impaired Students

20 hours ago
Blue Sands STEM Lab, Others Take Top Prize At MarkHack 4.0
Business

Blue Sands STEM Lab, Others Take Top Prize At MarkHack 4.0

20 hours ago
Asharami Energy Commits To Local Capacity Devt, Sustainable Growth
Business

Asharami Energy Commits To Local Capacity Devt, Sustainable Growth

20 hours ago
Foreign Investor Reveals Plan To Invest Multi-billion Dollar In Nigeria
Business

Foreign Investor Reveals Plan To Invest Multi-billion Dollar In Nigeria

20 hours ago
Nigeria’s KGG To Double Gas Processing Capacity In Phase 2 Plan
Business

Nigeria’s KGG To Double Gas Processing Capacity In Phase 2 Plan

20 hours ago
Next Post
As Nigeria Launches AI, Blockchain Training For 1,000 Youths Annually

As Nigeria Launches AI, Blockchain Training For 1,000 Youths Annually

Most Recent

5 Unicorns In 9 Years, Who Does That?

5 Unicorns In 9 Years, Who Does That?

June 2, 2025
Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

June 2, 2025
2026 World Cup Could Change Football Experience – Neymar

2026 World Cup Could Change Football Experience – Neymar

June 2, 2025
2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

June 2, 2025
NSF 2024: Team Delta Wins Women’s Football Gold

NSF 2024: Team Delta Wins Women’s Football Gold

June 2, 2025
As Experts Offer Solutions To Sustain Falling Food Prices

As Experts Offer Solutions To Sustain Falling Food Prices

June 2, 2025
Diversifying Investment Portfolio, Infrastructure Development Via Sovereign Sukuk

Diversifying Investment Portfolio, Infrastructure Development Via Sovereign Sukuk

June 2, 2025
Delta Govt Vows To Keep Investing In Tertiary Institutions

Delta Govt Vows To Keep Investing In Tertiary Institutions

June 2, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy