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The Private Promotion Center (CPPE) on Sunday urges the Federal Government to immediately take roar the framework of investors and employers’ protection to protect investors and employees.
This, economic thinkers recorded will balance the rights and responsibilities-to encourage sustainable economic growth, social stability, and national security.
The union speaks with the background of the new riots between the dangote refinery and the Nigerian Senior Oil and Gas Staff Association (Pengassan).
In a statement in Lagos, Muda Yusuf, Director/Chief Executive of CPPE emphasized that investors, entrepreneurs, and entrepreneurs are the blood of every modern economy, but in Nigeria, their rights and investments are not quite protected.
He regretted that investors in Nigeria operate in an environment marked by institutional uncertainty and weaknesses.
“While significant legal protection exists for workers and employees, there is no comprehensive framework that protects the interests of investors and employers.
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“This imbalance damages investor confidence and makes those who create work vulnerable to disturbances – especially from industrial actions by trade unions.
“The sector is actually very exposed, given its large workforce, high fixed costs, and significant investment. There are also concerns about the power of regulating institutions that seem unlimited.
“Therefore, strong policy responses are very important – which creates a fair, predictable, and safe investment climate; protect those who create jobs; and ensure that industrial relations are regulated by law, legal processes, and mutual respect.
“Therefore, Nigeria must immediately institutionalize a fair, safe, and predicted business environment that protects those who take risks to create wealth.
“This is not about weakening trade unions, but about balancing rights and responsibilities – to encourage sustainable economic growth, social stability, and national security.”
Furthermore Yusuf noted that the purpose of the framework of investors and new employers was to build a just, balanced, and predictable environment for business, among others.
By: Babajide Okeowo
