The Centre for the Promotion of Private Enterprise has urged the Nigerian government to come up with a policy framework to prevent the unlawful shutdown of businesses in the country.
CPPE Chief Executive Officer, Muda Yusuf disclosed this in a statement on Sunday.
According to the economic think-tank, a policy to protect investors is a national economic imperative.
CPPE added that the move would further boost and strengthen investors’ confidence and would safeguard investment from labour union disruptions.
Protecting investors and employers is not a privilege, it is a national economic imperative.
“Investors mobilise capital, create jobs, and generate the tax revenues that sustain government and society. Without them, there can be no sustained growth, no employment, and no national prosperity.
“Nigeria must, therefore, urgently institutionalise a fair, secure, and predictable business environment that protects those who take risks to create wealth. This is not about weakening labour unions but about balancing rights and responsibilities to foster sustainable economic growth, social stability, and national security,” the statement reads.
This came after the Petroleum and Natural Gas Senior Staff Association of Nigeria declared a two-day strike against Dangote Refinery over the mass sacking of workers, however, following the intervention of the Federal Government, PENGASSAN and Dangote Refinery reached a truce which led to the suspension of the strike action.
Dangote Refinery: CPPE explains why FG should secure investors to prevent shutdown