FDI, Capital Importation'll Remain Low Till Q3, 2021 — NECA       The Nigeria Employers’ Consultative Association (NECA) has said Foreign Direct Investment (FDI) and capital importation will remain low till the third quarter of 2021. Its Director-General, Dr Timothy Olawale, made this known in a statement in...

Debt Servicing Hindering Nigeria’s Economic Growth Efforts – NECA       The Nigeria Employers’ Consultative Association has warned that the growth in Nigeria’s external debt was jeopardising the economic growth efforts of the Federal Government. The association raised this concern in a statement on Tuesday titled ‘Salvaging the...

Economy May Contract In Q2, NECA Warns     The Nigeria Employers Consultative Association has called on the fiscal and monetary authorities to develop a more aggressive and decisive policies to sustain economic recovery in the wake of further decrease in oil price. The Director-General of NECA, Dr...

NECA, Customs Clash Over Duty Payment, Container Interception     The Nigeria Employers’ Consultative Association (NECA) has accused the Nigeria Customs Service (NCS) of unnecessarily delaying the clearance of imported raw materials at the ports, alleging that the acts of the officers and men of the service...

NECA Criticizes Plan To Borrow N2trn Pension Fund   The Nigeria Employers’ Consultative Association has condemned moves by the Federal Government to borrow N2tn from the Pension Fund. The government had indicated the intention to borrow from the fund to augment infrastructural development in the country. NECA said...

NECA Urges CBN To Charge N25 For N100,000 Transactions   The Nigeria Employers’ Consultative Association has urged the Central Bank of Nigeria to include transactions between N50,000 and N100, 000 among that attract N25 charges in consideration of lower income earners in the society. The Director General,...