The Nigeria Employers’ Consultative Association (NECA) has expressed support for President Bola Tinubu’s ongoing economic reforms, noting that the initiatives align with the expectations of the Organised Private Sector (OPS).
Speaking at the 2025 Employers Summit in Abuja, NECA’s Director-General, Mr Adewale-Smatt Oyerinde, said the reforms reflect the aspirations of employers and provide a timely platform for dialogue among key stakeholders.
“NECA believes that there is no better time to get the reformers, the implementers, and those the reforms are meant to serve to have a conversation and build consensus,” he said.
He added that the summit was designed to generate practical policy recommendations that address challenges facing the private sector, particularly in areas where reform efforts might require adjustment or support mechanisms.
“This is the avenue where definite solutions or implementation of palliatives or innovation that might ease the pressure on the private sector can come,” he noted.
According to Oyerinde, employers remain central to Nigeria’s economic development through job creation, tax contributions, and overall support for growth. He described the summit as significant, especially as the government advances measures such as tax reform bills.
Vice President Kashim Shettima, represented by Mr Temitola Johnson, Special Adviser to the President on Job Creation and Small, Medium and Micro Enterprises (SMMEs), reiterated government’s commitment to an inclusive, resilient economy driven by private enterprise and facilitated by public policy.
Shettima acknowledged the vital role of the private sector in job creation and service delivery, affirming the administration’s vision of fostering sustainable businesses capable of generating decent employment.
“One of the comprehensive reforms being undertaken by the government prioritises prudent expenditure and a more efficient, transparent and equitable tax system,” he said.
“We are a nation in transition, navigating bold reforms designed to steer our economy from volatility towards stability, sustainability and prosperity.”
He maintained that while the reforms may be challenging in the short term, they are essential to creating a competitive, diversified, and investor-friendly environment.
(NAN)