• Advertise
  • Contact
GFH News
Ecobank Super Rewards
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
GFH News
No Result
View All Result
Home Economy

NECA calls for more stimulus to businesses for sustainability, jobs protection

gfhnews.com by gfhnews.com
April 25, 2020
in Economy
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to take more decisive action on stimulus to businesses for sustainability and protection of jobs. Its Director-General, Mr Timothy Olawale, said in a statement on Friday in Lagos that the announced stimulus had, to a large extent, not addressed the critical needs of businesses. According to him, much more can still be done currently, not belatedly, to save jobs in Nigeria. Olawale said: “More direct interventions should target direct wage or income support; wage subsidies; tax credits or tax deferrals; short-term work schemes; moratoriums on loan payments. “Also, the establishment of a ‘Coronavirus Job Retention Scheme’, where government pays up to 60 per cent of private sector salaries until June as long as workers are not laid off. “This is done in in other climes such as UK, France and Denmark; it will reduce the negative impact on businesses and slow the rate of job loss.” The director-general also called on the government to balance the protection of lives with economic interests. He said while protection of life should take precedence, the need to protect the economic foundation of the nation could not be discounted as the economy would ultimately sustain life. “While government takes decisive steps to protect lives, efforts should also be made to keep productive activities going.

“Without delicately balancing the scale, the consequential negative effects of the pandemic will not only include unimaginable loss of lives, massive job losses and heightened insecurity, it may also lead to unnecessary social revolt,” he said.

Olawale said that a relaxed lockdown with legislated state and national guidelines to prevent the spread of COVID-19 would go a long way in maintaining the gains of the past few weeks of lockdown.

He said also that it would be imperative for governments at all levels to be more strategic and transparent in the administration of social welfare and palliatives distribution among the most vulnerable.

“The guidelines should include: compulsory use of sanitisers, free protective gears by government face masks and hand gloves, where necessary.

“Also, maintenance of social distancing, increased education and awareness, total banning of religious, political and social gatherings; limited number of passengers in public and private transportation and strict enforcement of same, among others.

“While the risks of total relaxing too soon are very real, gradual relaxation can be considered under these stringent pre-conditions as done in Ghana, Germany and some other countries, albeit,  with a high sense of alertness,”

Previous Post

Organisation, partners give out $21,000 as startups to fight COVID-19 in Nigeria

Next Post

Imprisoned, Quarantined Women Need Hygiene Supplies In El Salvador

gfhnews.com

gfhnews.com

Next Post

Imprisoned, Quarantined Women Need Hygiene Supplies In El Salvador

Leave a Reply Cancel reply

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

Stay Connected test

  • 116 Followers
  • 174k Subscribers
  • 23.6k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Nnamdi Kanu’s trial: Isi Agu cannot be worn in my court – Justice Nyako

Nnamdi Kanu’s trial: Isi Agu cannot be worn in my court – Justice Nyako

February 16, 2022
Army Chief  urges Reps to direct further enquiries on arms deals to past chiefs

BREAKING: Nigeria’s chief of army staff Ibrahim Attahiru killed in plane crash

May 21, 2021

VIDEO: Mazi Nnamdi Kanu having good times with girl who trapped him

June 30, 2021
Breaking: Farouk Lawan bags 7 years jail term for demanding $3m bribe from Femi Otedola

Breaking: Farouk Lawan bags 7 years jail term for demanding $3m bribe from Femi Otedola

June 22, 2021
Emir of Borgu charges Nigerians to be good ambassadors

Emir of Borgu charges Nigerians to be good ambassadors

3
Merck Foundation `More Than a Mother’ campaign against infertility, stigmatization – President

Merck Foundation to celebrate, mentor 2020 winners of More Than A Mother’ FASHION Awards – CEO

2
Infertility is a shared responsibility, couples should work together – Merck Foundation CEO

Infertility is a shared responsibility, couples should work together – Merck Foundation CEO

2
Lead-Em Ambassadors celebrate 2021 International Youth Day

Lead-Em Ambassadors celebrate 2021 International Youth Day

1
More Family Moments on GOtv as ‘Dance Naija Dance’ Premieres

More Family Moments on GOtv as ‘Dance Naija Dance’ Premieres

August 7, 2022

Borno Police arrest woman with three abducted children

August 6, 2022
Reno Omokri slams Keyamo for saying Peter Obi has more experience than Atiku

Reno Omokri slams Keyamo for saying Peter Obi has more experience than Atiku

August 6, 2022

7 Must-Watch programmes to Catch up on this Week on GOtv!

August 6, 2022

Recent News

More Family Moments on GOtv as ‘Dance Naija Dance’ Premieres

More Family Moments on GOtv as ‘Dance Naija Dance’ Premieres

August 7, 2022

Borno Police arrest woman with three abducted children

August 6, 2022
Reno Omokri slams Keyamo for saying Peter Obi has more experience than Atiku

Reno Omokri slams Keyamo for saying Peter Obi has more experience than Atiku

August 6, 2022

7 Must-Watch programmes to Catch up on this Week on GOtv!

August 6, 2022

GFH News is a Nigeria based online news platform that gives news on the go. Our team gather news from different sectors, locally and internationally, with fact checks.
Get the news as it breaks.

Browse by Category

  • Agriculture
  • Banking
  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • FACT CHECK
  • Feature
  • Foreign
  • Health
  • Infrastructure
  • Labour
  • Law/Judiciary
  • Metro/General News
  • Oil&gas
  • Politics
  • Religion
  • Science
  • Security
  • Sports
  • Technology
  • Tourism
  • Tragedy
  • Uncategorized
  • work

Recent News

More Family Moments on GOtv as ‘Dance Naija Dance’ Premieres

More Family Moments on GOtv as ‘Dance Naija Dance’ Premieres

August 7, 2022

Borno Police arrest woman with three abducted children

August 6, 2022
  • Advertise
  • Contact

© 2020 GFH News

No Result
View All Result

© 2020 GFH News