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Nigerian Private Sector Warns Of Massive Job Loss Amidst Ongoing National Assembly Investigations

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3 years ago

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Nigerian Private Sector Warns Of Massive Job Loss Amidst Ongoing National Assembly Investigations....KINDLY READ THE FULL STORY HERE▶

The Organized Private Sector of Nigeria (OPSN) has raised concerns over the potential for widespread job losses due to continuous invitations and summons for investigative hearings by National Assembly committees and ad-hoc committees.

Numerous private companies operating in Nigeria are considering relocating their operations to neighboring countries due to the persistent threats and disruptions caused by the National Assembly committees and ad-hoc committees.

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The OPSN includes prominent business associations such as the Manufacturers Association of Nigeria (MAN), Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Nigeria Employers Consultative Association (NECA), Nigeria Association of Small-Scale Industries (NASSI), and Nigeria Association of Small and Medium Enterprises (NASME).

Addressing the media on Tuesday, September 19, in Abuja, the Director-General of MAN, Segun Ajayi-Kadir, representing the OPSN, expressed serious concerns about the overbearing approach of the National Assembly committees and ad-hoc committees, which, through their invitations, summons, and threats of arrest, are expediting the departure plans of many businesses due to the “inhospitable business environment” they create.

Ajayi-Kadir highlighted that these threats not only disrupt business operations but also severely hinder business growth, the establishment of new enterprises, and result in significant financial losses for many companies.

He emphasized, “This has been a notable challenge since the 7th National Assembly, from 2012. Recently, several letters were received by our member companies from the Ad-hoc Committee on Non-Remittance to the National Housing Fund and Utilization of the Fund from 2011 to Date, and the Ad-hoc Committee to investigate the Compliance of Ministries, Departments, and Agencies of government and corporate bodies with the Industrial Training Fund Act, amongst other committees.”

While acknowledging the National Assembly’s efforts in conducting oversight functions, the OPSN stressed that sections 88 and 89 of the Constitution, relied upon by the Committees, are not applicable to private sector businesses.

Ajayi-Kadir cautioned that if the situation is not addressed promptly, it could lead to the closure of companies, job losses, reduced tax revenue, increased insecurity, and social unrest.

He further noted that there are statutory government agencies within the Executive Arm responsible for engaging, inspecting, auditing, and enforcing compliance, and they should be the ones invited to account for levels of compliance rather than private businesses. The OPSN expressed concern that the frequent invitations, summons, and threats of arrest could discourage foreign direct investors from the Nigerian economy and lead to more companies relocating abroad, ultimately harming business activities in the country.

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THE ULTIMATE SHUTOUT: APC Sweeps All Chairmanship Seats Across Ebonyi In Dramatic Poll Outcome!.

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13 hours ago

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August 23, 2026

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The All Progressives Congress (APC) has secured all 13 chairmanship positions and 171 councillorship seats contested in the Ebonyi State local government election.....KINDLY READ THE FULL STORY HERE▶

One of the prominent winners was Osborn Umahi, son of the Minister of Works, David Umahi, who emerged chairman-elect of Ohaozara Local Government Area.

Other APC candidates declared winners included Peace Agwu in Ishielu, Paul Ituma in Ohaukwu, Friday Nwuhuo in Ezza North and Chinedu Mkpuma in Ezza South.

Chidi Nwode won in Ikwo, while Timothy Nwachi emerged victorious in Afikpo. Ikechukwu Ogbofia secured Onicha, Michael Kalu Anyim won Ivo, and Simeon Onuoha was declared elected in Edda.

The other winners were Helen Aduga in Izzi, Chidiebere Alo in Abakaliki and Chibueze Odigwe in Ebonyi Local Government Area.

Speaking after announcing the results, Enyi described the election as peaceful and free, stressing that candidates from other political parties also took part.

He praised residents who participated in the poll, saying their turnout demonstrated their commitment to exercising their constitutional rights.

The EBSIEC chairman also commended security agencies for providing the necessary support before and during the election.

Following his declaration, Umahi thanked the electoral commission for what he described as the transparent and peaceful conduct of the election.

The Ohaozara chairman-elect said his administration would focus on improving rural communities, empowering young people and transforming agriculture.

The state APC chairman, Stanley Okoro Emegha, described the party’s performance as a reflection of its growing political influence in Ebonyi.

Emegha said the sweeping victory showed that the APC was gaining wider acceptance among residents, adding that the party was well positioned for the 2027 general elections.

He expressed confidence that the party would replicate its local government election success at the next general election.

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MAINSTREAM OR BUST: APC Chieftain Drops Hard Truths On Why Ndigbo Must Stop Sitting On The Political Fence! .

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13 hours ago

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August 23, 2026

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  • The Cost of Isolation: An APC chieftain, Ikenna Azomchine, has cautioned that the south-eastern region’s self-imposed political alienation from President Bola Tinubu’s administration is deeply disadvantageous to the Igbo nation.....KINDLY READ THE FULL STORY HERE▶

    • A Shift Toward Collaboration: Speaking during a regional mobilization tour in Nibo, Anambra State, Azomchine emphasized that meaningful progress and a future path to the presidency rely on active engagement and collaboration with the federal government rather than opposition or confrontation.

    • Acknowledging Policy Shifts: Reflecting on his own years in opposition, Azomchine noted that he previously criticized the administration’s policies, but commended the president for listening to feedback and making necessary policy adjustments.

    • Tangible Benefits: He highlighted that the current administration has delivered increased federal appointments and vital infrastructural projects to Igboland compared to previous eras.

    • Building Broad Alliances: Azomchine concluded that no single geopolitical zone possesses the unilateral capacity to produce a president, underscoring the necessity of building strong political bridges across Nigeria’s diverse regions to achieve national aspirations.

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‘NOWHERE TO RUN’: NAF Escalates Air Patrols And Strikes To Flush Out Criminal Enclaves.

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14 hours ago

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August 23, 2026

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The Nigerian Air Force (NAF) has stepped up its aerial campaigns targeting terrorism, banditry, and kidnapping across the North-West, reinforced by an expanded air presence in Sokoto State to bolster joint security efforts.....KINDLY READ THE FULL STORY HERE▶

In an official update shared via its verified social media channel, the NAF stated that this strategic deployment is designed to strengthen aerial surveillance, maintain constant pressure on criminal networks, and improve the operational response time of security forces.

Given that criminal elements frequently exploit challenging terrains and mobility to evade ground troops, the deployment of rapid air assets aims to locate, disrupt, and restrict enemy movement. This approach provides ground forces with critical tactical advantages through improved air-ground coordination.

The initiative reflects the vision of the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, to maintain a mission-ready and highly professional force working closely with sister services. The NAF reaffirmed its dedication to utilizing air power to protect citizens, dismantle criminal syndicates, and restore lasting stability to the region.

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