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NECA sets agenda for new ministers on reviving economy

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The Nigeria Employers’ Consultative Association (NECA) has urged the newly inaugurated ministers to ensure focused and urgent action to change the economic narrative of the country.

In a statement on Wednesday, the Director-General of NECA, Adewale-Smatt Oyerinde, commended the President for the swearing-in of the new ministers. He noted that with the inauguration, definitive steps would be taken to step up governance at different levels.

While setting the business agenda for the new ministers, Oyerinde said the new minister of labor and employment was coming at a time when much had to be done.

He said, “There is the need to urgently finalize the reviewed labor laws for onward passage as executive bills to the National Assembly; the need for reform of the industrial relations system; deepening social dialogue; strengthening institutions of labor administration; deepening engagement with social partners; and an urgent focus on job creation.

“It is important to note that the success of the new minister of labor and employment will largely depend on how he manages the complexities of the relationships between social partners.”

Focusing on the economy, the director-general said that private business owners expected the new minister of finance and coordinating minister of the economy to deepen the ongoing reforms in the fiscal and monetary space while not losing sight of the need to create a hospitable environment for local and foreign investors.

He said, “The urgent need to continue to deepen support for the naira and stabilize the forex market cannot be overemphasized. In addition, the minister for industry, trade, and investment, along with other ministers, should work in close collaboration with organized businesses to drive the economy back on track for growth and consistent development.”

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