Family business as influencer for economic growth
Businesses that are owned by families are the most common ownership business model in the world, with their impact on the global economy considered significant. It is estimated that total economic impact of family businesses to global Gross Domestic Product (GDP) is over 70 per cent. They are recognised as one of the engines…
Government under fire for withholding unemployment data from public
Three weeks to the end of the year, the quarterly reports on job creation and unemployment prepared by the National Bureau of Statistics (NBS) have not been made available to the public contrary to the usual practice.
Employers decry high interest rate of LDR to small businesses
Nigeria Employers’ Consultative Association (NECA), has decried the high interest rate raised on loan to deposit ratio (LDR), to assist the real sector, describing it as another hindrance to access to credit, which remained at a double digit rate.
NECA urges passage of new automotive policy bill
The Nigeria Employers’ Consultative Association (NECA), has called on the National Assembly to expedite legislative action on the passage of the new Automotive Policy Bill to strengthen policy stability.
Employers want polices focused on development, job creation
With the unemployment rate as high as 23.1 percent, underemployment at 16.6 percent and expected to reach 33.5 percent by 2020, employers have urged the Federal Government to ensure that fiscal and monetary policies focus on sustainable enterprise and job creation.
Market volatility make 2020 budget unrealistic, says group
Action Aid Nigeria (AAN), has warned that set objectives for the 2020 proposal are unrealistic given the volatility in the global oil market and the increasing insecurity across the country. The social justice organisation also pointed out that the oil benchmark at $57...
Employers seek support for local businesses to enhance competition
To check South African investors dominating the Nigerian economy in the near future, it is expedient for the government to focus on supporting local businesses to improve their competitiveness, the Nigeria Employers’ Consultative Association (NECA), has said.
NECA rejects additional taxes to fund rebuilding of tollgates
The Nigeria Employers’ Consultative Association (NECA) has rejected Federal Government’s proposed imposition of fresh taxes or levies on Nigerians to fund the reconstruction of tollgates on federal highways across the country.
Employers seek council’s fellowship to tackle sectoral issues
The Nigeria Employers' Consultative Association (NECA) has implored the newly constituted Economic Advisory Council (EAC) to embrace consultative fellowship with the Organised Private Sector (OPS) to achieve the desired goal for economic development.
VAT increase will neutralise minimum wage benefits, OPS insists
Moves by the Federal Government to increase Value Added Tax (VAT) from five per cent to 7.2 per cent would neutralise the benefits of the recently signed national minimum wage of N30,000, the Organised Private Sector (OPS) has said.