The Nigeria Employers’ Consultative Association has urged the newly inaugurated ministers to ensure focused and urgent action to change the economic narrative of the country.

The Director-General, NECA, Adewale-Smatt Oyerinde, in a statement on Wednesday, commended the President for the swearing-in of the new ministers. He noted that with the inauguration, definitive steps would be taken to step-up governance at different levels.

While setting the business agenda for the new ministers, Oyerinde said the new minister of labour and employment was coming at a time when much had to be done.

He said, “There is the need to urgently finalise the reviewed labour laws for onward passage as executive bills to the National Assembly; need for reform of the industrial relations system; deepening social dialogue; strengthening institutions of labour administration; deepening engagement with social partners and an urgent focus on job creation.

“It is important to note that the success of the new minister of labour and employment will largely depend on how he manages the complexities of the relationships between social partners.”

Focusing on the economy, the director-general said that private business owners expected the new minister of finance and coordinating minister of the economy to deepen the ongoing reforms in the fiscal and monetary space, while not losing sight of the need to create a hospitable environment for local and foreign investors.

He said, “The urgent need to continue to deepen support for the naira and stabilise the forex market cannot be overemphasised. In addition, the minister for industry trade and investment along with other ministers should work in close collaboration with organised businesses to drive the economy back on track of growth and consistent development.”

Oyerinde said organised businesses had been challenged given the recent removal of the fuel subsidy and subsequent reforms.

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