The Nigeria Employers’ Consultative Association, NECA has slammed President Bola Tinubu’s Independence day address for lacking timelines for implementation of promises.
Reacting to the speech in Lagos, the Director-General of NECA, Adewale-Smatt Oyerinde, said: “While we commend the President’s commitment to fix the economy and alleviate the suffering of Nigerians and organized businesses, more definitive, broader interventions with timelines for implementation will also be very important.
He said the speech “was full of intent, without definitive timelines for implementation of the laudable plans.”
The NECA DG noted that “while the announced N25,000 wage adjustment for a section of the public servants; provision of CNG buses and further increase of the social safety nets investments to cover another 15 million households are commendable, the wage award doesn’t take into cognizance the fact that all Nigerians, including organized businesses are affected by the fuel subsidy removal and also need some measure of support.
“While the Government continues to roll out its plans to ameliorate the challenges on the populace, more definite efforts with realistic timelines should be made to revive the economy and the organized private sector being the engine of national development.
“It is not enough for the Federal Government to dole out money in the name of palliatives to state governments, more innovative, effective, and trackable distribution and monitoring mechanisms should also be put in place to measure the impact and efficiency of the implemented schemes.”
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