Organised Private sector
Experts demand better condition to enhance investment
Experts have renewed the call for government to create conducive environment for the Organised Private Sector (OPS), to contribute in the national development process, to prevent some deleterious acts hurting investments and stalling economic growth and transformation. They also urged Government to foster private enterprise development, noting that multiplicity of Customs checkpoints and agents at…
OPS canvasses cheap funds for business growth
The need for deliberate policies aimed at channelling cheap credit to businesses, creating favourable environment for enterprises to thrive and reduction of regulatory predatory tendencies have been emphasised. This, according to the Organised Private Sector (OPS), particularly the Nigerian Employers’ Consultative Association (NECA), will enable the private sector to create jobs and wealth for the…
Potential in MSMEs’ sector should be harnessed, says Ambode
The Lagos State governor, Akinwunmi Ambode, yesterday, said the wealth creation and employment generation potential in the Micro, Small and Medium Enterprises (MSMEs) sector are too attractive to be ignored by any discerning government. Speaking at the 3rd Lagos State Micro Small and Medium Enterprises Fair, Ambode, represented by the Commissioner for Special Duties, Seye…
OPS seeks deployment of trade facilities to cover infrastructure gaps
Members of the Organised Private Sector (OPS) have urged government to take advantage of available funding channels to address infrastructural gaps in the country. Indeed, China Development Bank (CDB), in Changsha, China, had signed an agreement providing a $500-million facility to the African Export-Import Bank (Afreximbank) to enable the trade finance bank support trade enabling…
OPS faults 0.5 per cent tax on profit for governmet agency
The group comprises the Manufacturers Association of Nigeria (MAN), Nigeria Employers Consultative Association (NECA), Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture (NACCIMA), National Association of Small and Medium Scale Enterprises....
‘How improved infrastructure, incentives can aid non-oil export growth’
Notwithstanding the challenges posed to the non-oil export sector last year, members of the Organised Private Sector (OPS) have identified the provision of key infrastructure and implementation of revised incentives as measures to aid development in the sector. According to the Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI),…
OPS charges govt on ease of doing business, operating costs
Members of the Organised Private Sector (OPS), have urged the Federal Government to adopt measures that will result in economic recovery and creation of needed jobs this year, by addressing concerns affecting operating cost. With unemployment rate at an all-time high of 18.8% in the third quarter (Q3) of 2017, amid projections that the…
OPS explains non-support for Morocco’s application to ECOWAS
Members of the Organised Private Sector (OPS), have said the pre-existing Free Trade Agreements (FTA), between Morocco and the European Union (EU), and a host of other issues are the reasons for the lack of support for the country’s application to join the ECOWAS region.
Operators urge caution in legislative oversight, investigative functions
Members of the Organised Private Sector (OPS) have sought the understanding of the National Assembly in the execution of its oversight responsibilities to avoid erosion of investors’ confidence and collateral damage to the economy.
OPS seeks overhaul of power sector reforms, regulatory framework
After four years of reforms, the stakeholders stated that the power situation is worse today before the modification, as operators have to contend with higher energy costs.
OPS condemns CBN's forex policy
The Organised Private Sector (OPS) has said that the unorthodox foreign exchange allocations system of the Central Bank of Nigeria’s (CBN) would continue to hamper economic growth.
OPS seeks holistic approach to tackle infrastructure deficit in Nigeria
Stakeholders in the Organised Private Sector (OPS) have stressed the need for government to adopt a holistic approach in addressing the huge infrastructure deficit, as well as identifying critical sectors that would drive the nation’s diversified base.