The Nigeria Employers’ Consultative Association (NECA) has raised concerns about policies and practices by the Lagos State Government (LASG), alleging that they are deterring potential investors. NECA’s claims center on what it describes as excessive regulatory requirements, burdensome taxation, and an unpredictable business environment that undermine investor confidence.
At a recent briefing, NECA Director-General Adewale-Smatt Oyerinde highlighted the growing frustration among business owners, particularly those operating in Lagos. “The current environment is stifling enterprise development. Multiple taxes, unclear regulatory guidelines, and high operational costs are sending a negative message to investors,” he stated.
Lagos State, often regarded as Nigeria’s economic hub, has long been a magnet for both local and international investments. However, NECA warned that these challenges could erode the state’s competitive advantage if left unaddressed. The association called for a more business-friendly approach, including streamlined taxation, policy consistency, and improved infrastructure.

Business leaders echoed NECA’s sentiments, pointing out that while Lagos has significant potential, its policies sometimes create bottlenecks for investors. They urged the state government to engage with the private sector to resolve these issues and foster a more conducive environment for business growth.
The Lagos State Government has yet to respond to NECA’s allegations. However, analysts believe that addressing these concerns is crucial to sustaining Lagos’s position as a leading investment destination in Africa. They also emphasized that proactive measures, such as regulatory reforms and stakeholder engagement, could help restore investor confidence and drive economic growth in the state.
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