Legislate on generation, distribution of power not ban on generators, NECA tells NASS
The Director-General of Nigeria Employers’ Consultative Association (NECA), Dr. Timothy Olawale, has described the proposed bill to criminalise the importation, selling and usage of generators by Nigerians as a clear move to kill surviving businesses in the country. In a…
Between AfDB Africa’s 2020 Outlook and NECA latest verdict
Barely 24 hours after the African Development Bank (AfDB) Africa Economic Outlook 2020 had averred that the continent is suffering of undereducated and overeducated without perquisite skill match, Nigeria Employers’ Consultative Association (NECA) has declared that the challenge among jobseekers…
FIRS failure to deepen tax net fuelled new Finance Law—NECA
Endless reactions have continued to trail Monday’s presidential assent to the passed Finance Bill as experts continue to throw up issues arising from the new tax reform law. Already, the Director-General, Nigeria Employers’ Consultative Association (NECA), Mr Timothy Olawale had…
‘FG should tie April new electricity tariff regime to total metering of customers’
…As NECA says proposed hike necessary For the fact the ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ recently released by the Nigerian Electricity Regulatory Commission (NERC) indicates that new tariff…
New tax on Soft-drinks, closed border may force firms to close shops
Strong indications emerged Tuesday that majority of Nigerian manufacturers of bottled soft drinks, who had been suffering poor sales following the closure of Nigerian land borders may be in for another policy crisis as Federal Government plans fresh tax on…
Multiple taxation hitting factories in Ogun as FG ends tax holidays for Dangote, others
The leadership of Manufacturers Association of Nigeria (MAN), Ogun State chapter has raised an issue of urgent industry importance, decrying that time has come to end frivolous tax regimes in the state or factories will be forced to relocate forthwith….
Rice hits N20 in Lagos as MAN, others fear consequences of Benin border closure
Fact checks weekend on the impacts of partial closure of Nigeria-Benin border posts have revealed that price of rice, the most staple food in Nigeria has jumped from N15,000 it was before the closure to over N20,000 in parts of…
Jumping debt profile, graft-ridden fuel subsidy twin-evil killing Nigeria—NECA
The leadership of the Nigeria Employers’ Consultative Association (NECA), has refused to be confused into joining the growing bandwagon of economic wishful thinkers spreading the belief that Nigeria’s debt ratio to Gross Domestic Product (GDP) is still within allowable limit….
‘Banks’ continuing deductions for Stamp Duty due to no directive to stop yet’
Contrary to the explicit pronouncement of a competent court of jurisdiction stopping the deductions of Stamp Duty in favour of the Federal Government, Nigerian banks’ are yet to comply, Business Hilights Intelligence Unit (BHIU) can authoritatively report. Some of the…
Strikes key factor derailing Nigeria’s Human Development Index—NECA
As academic activities return to all levels of tertiary education in Nigeria following the end of ASUU and ASUP industrial actions, it is important to understand that employability rating is a function of serenity of academic environment including government’s policy…
