Business
NECA Members Contribute 75 % To GDP – DG
Members of the Nigeria Employers’ Consultative Association (NECA) are contributing about 75 per cent to the country’s Gross Domestic Products (GDP), its Director-General, Mr Olusegun Oshinowo, has said.
Oshinowo made this known in an interview with newsmen in Lagos, recently.
He spoke while reacting to a call that NECA members should brace up to assist the country to get out of its economic recession.
Oshinowo said that as NECA members were contributing to the nation’s development and revenue generation, government should create conducive environment for businesses to operate.
Our source reports that the Minister of Labour and Employment, Sen. Chris Ngige, had at a conference in Abuja, urged the association to attract more members to help the nation out of its economic recession.
Oshinowo said: “NECA members are business people who do not formulate policies, but survive under various government policies.
“Both micro and macro businesses react to fiscal and monetary policies. NECA members are business people and not policy makers.
“Enterprises respond to government policies and to what extent has the government policies been responsive to the plights of businesses in the country.”
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