Unusual Times Require Unusual Responses: NECA Boss on Nigeria's Economy
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The Director General of Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde, discusses the economic reforms of President Bola Tinubu’s administration and the ongoing negotiation of a new national minimum wage. He highlights the removal of fuel subsidy as a key reform and acknowledges the pain it has caused to citizens. Oyerinde emphasizes the need to approach the minimum wage negotiation with consideration for economic and business sustainability, taking into account factors such as interest rates, inflation, and productivity. He also addresses concerns about job losses, stating that unusual times require creative responses and urging all parties to find solutions. Oyerinde mentions a recent meeting with the Minister of Finance to discuss issues such as forex sca...
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