Thursday, February 2, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

President Buhari urges private sector to drive growth, create jobs and pay requisite taxes

by e-Naira Online News
June 21, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


President Muhammadu Buhari stated that Nigeria’s organized private sector must partake in its duties by driving growth through investing in job creation and paying the requisite taxes as the FG works to ensure the sustainability of the enterprise by building and protecting a sound national industrial relations system.

The President stated this at the Nigeria Employers’ Summit of the Nigeria Employers’ Consultative Association (NECA) on Monday in Abuja represented by Labour Minister, Chris Ngige.

According to the News Agency of Nigeria, the theme of the summit is “The Private Sector-An Engine for National Development”.

What the President is saying

President Buhari stated that the private sector could become the engine of growth in Nigeria in many ways.

He urged the private sector to adopt and respect worker protection laws, as the FG is committed to the protection of worker rights, considering the challenges facing the country in terms of job creation and empowerment.

  • “While the government works with the trade unions to ensure the sustainability of the enterprise by building and protecting a sound National Industrial Relations System, on the other hand, businesses are also protected and enabled to succeed.
  • “They are consequently expected to drive growth, create jobs and pay the requisite taxes that will boost investments, finance works and services to improve the social welfare of people in the field of education.
  • ”This is also in the provision of basic facilities, portable water, transportation, care of the aged and other forms of horizontal and vertical social protection/social security that include but are not limited to the empowerment of the less privileged and the vulnerable in the society.
  • “In this regard, I am glad that the National Labour Advisory Council (NLAC), of which NECA is a member, has commenced the consideration of International Labour Organisation (ILO) Convention No. 102 on Social Security (Minimum Standards),” he said.
  • He added that it also encompasses nine thematic areas or branches for ratification by Nigeria, though being considered in stages due to the enormity of coverage provided by the Convention.
  • “When this feat is accomplished, the role of the private sector in national development will be highlighted,” he said.

Buhari further noted the areas of Public Private Partnership with NECA, such as the Nigeria Social Insurance Trust Fund (NSITF) and the Industrial Training Fund (ITF).

The President added that such partnerships would enable and create more opportunities for Corporate Social Responsibility (CSR) by those companies in tune with the principles contained in the ILO instrument.

Related



Source link

Tags: BuharicreatedrivegrowthjobspayPresidentPrivaterequisitesectorTaxesurges
Previous Post

Sirika tours Brasilia, Istanbul airports for lessons on concession

Next Post

There are signs that the mother of all economic crisis is coming soon 

Related Posts

Business

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

by e-Naira Online News
February 2, 2023
Business

Moody’s downgrades Nigerian banks’ rating

by e-Naira Online News
February 1, 2023
Business

Geregu Power reports 51% drop in annual profit, proposes N20 billion dividend

by e-Naira Online News
February 1, 2023
Business

Reps Reject N22.7tn Loan Request, Finalize N1tn Borrowing

by e-Naira Online News
February 1, 2023
Business

CBN Lists Condition For Old Naira Notes

by e-Naira Online News
February 1, 2023
Next Post

There are signs that the mother of all economic crisis is coming soon 

Nigeria’s aviation minister tours Istanbul, Brasilia airports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

NGX CEO says to strengthen partnerships, digital transformation, sustainability

January 26, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

February 2, 2023

Tinubu distancing self from APC’s failure —Atiku’s aide

February 2, 2023

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

February 2, 2023

Nigerian universities and the noise of advancing ideas

February 2, 2023

Moody’s downgrades Nigerian banks’ rating

February 1, 2023

8 Black Financial Influencers You Ought to Follow

February 1, 2023

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

February 1, 2023

Geregu Power reports 51% drop in annual profit, proposes N20 billion dividend

February 1, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.