NECA Advocates Improved Labour Policies for Economic Stability

The Nigeria Employers’ Consultative Association (NECA) has called for improved labor policies to enhance economic stability and foster business growth. The organization emphasized the need for policies that support job creation, fair wages, and a more business-friendly environment to boost productivity and economic resilience.

NECA’s Director-General highlighted that outdated labor laws, inconsistent policies, and poor implementation have hindered sustainable development. He urged the government to engage in meaningful dialogue with employers and labor unions to create policies that balance workers’ rights with business interests.

The association also stressed the importance of addressing unemployment, improving social security systems, and ensuring fair labor practices to attract both local and foreign investments. NECA believes that well-structured labor policies will not only protect workers but also enhance the overall economic environment, making Nigeria a more competitive and stable economy.

The call for improved policies comes at a time when businesses are struggling with inflation, high operational costs, and regulatory challenges. NECA urged the government to take swift action to implement reforms that will support both workers and employers, ultimately driving economic growth and stability.