NECA - News Agency Of Nigeria

Tosin Kolade
Aug, Mon, 2025

NECA commends Tinubu’s commitment to pensioners

81 total views today

By Joan Nwagwu

The Nigeria Employers’ Consultative Association (NECA) has commended President Bola Tinubu for his consistent interest in the welfare of retirees and pensioners across the country.

Mr Adewale-Smatt Oyerinde, NECA’s Director-General, gave the commendation in a statement on Sunday in Abuja.

He said this reflects a deep recognition of the value of workers who have dedicated their productive years to building the Nigerian economy.

Oyerinde described the President’s consistent attention to pension-related matters as a strong signal of his administration’s dedication to social protection and economic dignity in retirement.

He said it also demonstrates commitment to the long-term sustainability of the pension system.

“One critical step to sustain this momentum is the timely reconstitution of the Governing Body of the National Pension Commission (PenCom),” Oyerinde stated.

This, he said, should be done in full compliance with the Pension Reform Act.

He warned that the absence of a fully functional Governing Body affects effective oversight, policy direction, and corporate governance within PenCom.

PenCom, he noted, manages funds which are the life savings of millions of Nigerian workers.

“The pension industry thrives on trust, transparency, and sound governance,” Oyerinde said.

He stressed that reconstituting PenCom’s Governing Body promptly would safeguard these principles, uphold the law, and boost public confidence in the entire pension system.

Oyerinde said NECA, however, reaffirmed its longstanding commitment to the growth and development of the pension sector.

He pledged that NECA would continue to work with the government and stakeholders to strengthen pension administration in Nigeria.

He added that this includes advocating for policies that ensure pension asset safety, expand pension coverage, and improve the welfare of all retirees.

“As the umbrella body for organised business in Nigeria, NECA will remain a vocal advocate for a sustainable pension system that works for all.

“A strong pension industry is not just about retirement benefits; it is about economic stability, social cohesion, and intergenerational fairness,” Oyerinde said. (NAN)

Edited by Kamal Tayo Oropo

Philip Daniel Yatai
Jun, Wed, 2025

Economy/Business

NECA hails Tinubu’s economic reforms

253 total views today

By Joan Nwagwu

The Nigeria Employers Consultative Association (NECA) says President Bola Tinubu’s reforms in the economic sector align with the desires of the Organised Private Sector(OPS).

Mr Adewale-Smatt Oyerinde, the Director General of NECA said this on Wednesday in Abuja, at the 2025 edition of the Employers Summit, organised by NECA

The News Agency of Nigeria (NAN) reports the summit is themed, “Enabling Sustainable Enterprise in a Transiting Economic: Aligning Fiscal,Trade and Regulatory Reforms for Rapid National Development ”

Oyerinde said the reforms being undertaken by the federal government are in alignment with the desires of employers.

He said the summit was apt in bringing the critical stakeholders together to deliberate and agree on the execution of the reforms.

“NECA believes that there is no better time to get the reformers and those that will implement the reforms as well as those that the reform is supposed to reform to have a conversation and engender consensus around those reforms.

“It will also help us to make policy recommendations to the government on those issues where it pinches the private sector and employers.

“This is the avenue where definite solutions or implementation of palliatives or innovation that might ease the pressure on the private sector can come,” he said.

According to the NECA DG, employers play a major role in promoting national development through job creation, payment of taxes and other contributions to economic growth.

He further said that the summit was unique coming at a time when the government was implementing many reforms, such as the tax reform bills.

Vice President Kashim Shettima emphasised the need to build an economy that is resilient, inclusive, driven by private enterprise and enabled by government.

Shettima, represented by Mr Temitola Johnson, Special Adviser to the President on Job Creation and Small, Medium Micro Enterprises (SMMEs), said the organised private sector has contributed positively to socio-economic development of Nigerians.

He said that the contributions were through the millions of jobs that were created, as well as the goods and services they provide.

Shettima added that the vision of President Bola Tinubu-led administration was to build an economy where sustainable business enterprises thrive and create decent jobs.

“One of the comprehensive reforms being undertaken by the government is that, which prioritises prudent expenditure and a more efficient, transparent and equitable tax system.

“We are a nation in transition, navigating our part of bold reforms designed to stir our economy away from volatility into becoming a more stable, sustainable and prosperous one.

“These reforms, though difficult in the short term, are laying the foundation for a more transparent, competitive, diversified and investor-friendly environment,” he said.(NAN)

Edited by Rotimi Ijikanmi