NECA calls on FG to adopt alternative policies for private sector development

The Director General of the Employers Consultative Association of Nigeria, Adewale Oyerinde, has encouraged the Federal Government to adopt alternative policies to support growth and development in the private sector.

Oyerinde said this during a press conference on the upcoming Nigeria Employers Summit titled “Economic Renaissance: Harnessing Government Reforms and Private Sector Flexibility” to be held on June 25-26, 2024 in Abuja.

He noted that the private sector has become an essential pillar of the country’s development.

He noted that having survived various reforms and economic plans, it has consistently played the role of the country’s main growth engine.

“The summit facilitates dialogue between employers, government agencies and stakeholders to address key issues in the private sector. It aims to strengthen engagement and propose alternative policies, recognizing the government’s need for recommendations,” Oyerinde said.

According to the NECA chief, the new government’s reforms are impacting national life in various ways, stating that NECA aimed to facilitate the government’s interaction with organized enterprises on these reforms.

He further mentioned that the aim of the summit was to link reforms to the private sector rather than analyze them, noting that the summit would also explore how the government could leverage the flexibility of the private sector to drive these reforms and achieve the desired outcomes.

Additionally, the Chairman of the NECA Committee of Financial Experts, who is also the co-chairman of the summit, Olumuyiwa Adebayo, said: “The summit will provide employers with the opportunity to meet with policy makers to share common ground in understanding some of the objectives of the summit, which involves fostering dialogue.

According to Adebayo, the government must create an enabling environment for businesses to thrive.

On her part, the Chairperson, NECA Corporate Communications and Public Affairs Committee and Co-Chairperson of the Annual Nigeria Employers Summit, Mrs. Victoria Uwadoka, stressed the importance of collaboration between the private sector and government.