The Nigeria Employers’ Consultative Association (NECA) has voiced dismay over Procter & Gamble’s planned exit, following GSK and Nampak’s departure from Nigeria. NECA attributed the business challenges to stringent regulations, legislative activities, infrastructure deficiencies, and policy inconsistencies.
While commending the government for supporting SMEs through the N125 billion Presidential Palliative Programme, NECA urged decisive action to prevent further exits. NECA Director-General, Adewale-Smatt Oyerinde, emphasized the impact on foreign investment and called for prioritizing local business survival.
NECA urged President Bola Tinubu and the Finance Minister to focus on infrastructural development, tax reforms, and addressing forex challenges in the 2024 Appropriation Bill.
