February 29, 2024
NECA Blames Exit Of P&G, Others On Infrastructure, Policies
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NECA Blames Exit Of P&G, Others On Infrastructure, Policies

Nigeria Employers’ Consultative Association, NECA, has expressed its displeasure over the planned exit of Procter & Gamble, P&G, not long after the GSK, Nampak exited Nigeria.

The employers’ body blamed stringent regulatory and legislative activities, insufficient infrastructure, and policy inconsistencies for the difficulties faced by businesses.

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The Umbrella body through its Director-General, Mr. Adewale-Smatt Oyerinde, however commended the Federal Government for supporting the Small and Medium Enterprises, SMEs, and manufacturers through the disbursement of the N125 billion Presidential Palliative Programme.

Highlighting the probable factors behind these business closures, the NECA boss says the challenging business landscape, marked by stringent regulatory and legislative activities, insufficient infrastructure, and policy inconsistencies, all conspired to exacerbate the difficulties faced by businesses.

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