The Nigeria Employers’ Consultative Association (NECA) has called for a comprehensive assessment of the Federal Government’s economic reform agenda, saying that while the reforms were necessary and have yielded improvements in some macroeconomic indicators, businesses across the country continue to grapple with severe operational challenges.
The association made the call on Monday at the opening of the 5th Nigeria Employers’ Summit in Abuja, where government officials, employers, development partners, organised labour, diplomats, academics and private sector stakeholders gathered to review the impact of the administration’s reform policies on Nigeria’s business environment.
Delivering the welcome address on behalf of Ifeanyi Okoye, NECA President,
Richard Ayibiowu, association’s Treasurer, said the summit was taking place at a critical point in Nigeria’s economic transformation journey.
According to him, the Federal Government has, over the past three years, introduced far-reaching reforms aimed at correcting long-standing structural imbalances, improving fiscal sustainability, strengthening public finance management, boosting revenue generation and positioning the economy for long-term competitiveness.
