NECA cautions National Assembly against attack on enterprises’ rights

Olusegun Oshinowo, NECA Director General.

Lawmakers have stretched their oversight and investigative powers to an absurd limit without any deep thought to their counterproductive effects on the development of the economy as they have continuously attacked on enterprises rights.

Consequently, the increasing incidences of unwarranted investigations by the National Assembly, particularly the House of Representatives has constituted a barrier to a flourishing micro, small and medium enterprises (MSMEs) sector.

This is in spite of efforts by the executive and legislative arms of government to enthrone the Organised Private Sector (OPS) as the engine of economic growth and partnering with them to attract Foreign Direct Investments (FDIs) to the country.

Director General, Nigeria Employers’ Consultative Association (NECA), Olusegun Oshinowo, stated this at a press conference, restating that the House of Representatives, through its various committees and ad-hoc committees has constantly delved into aspects of the private sector operation that catch their fancy.

He maintained that the practice of one Committee and Ad-Hoc Committee of the House of Representatives seeking to investigate activities of the private sector organisations under the guise of oversight responsibilities, relying on their interpretation of sections 88 and 89 of the constitution was unethical and unacceptable.

His words: “Our lawmakers are convinced that they have unrestricted powers to dabble into the affairs of any enterprise in the economy.



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