Tinubu’s four Executive Orders rescued businesses from liquidating – NECA DG, Oyerinde

The Nigerian Employers’ Consultative Association, NECA, has said the new Executive Orders signed by President Bola Tinubu have stopped many organised businesses in Nigeria from going into extinction.

NECA’s Director General, Adewale-Smatt Oyerinde disclosed this on Sunday in an interview with Channels Television monitored by NEWS FLASH.

Recall that Tinubu’s government last week issued four Executive Orders suspending the 2023 Finance Act and the implementation of arbitrary taxes.

Oyerinde, speaking on the impact of the President’s recent decision, said it had prevented businesses, especially Small and Medium Enterprises, from collapsing.

According to him, the Executive orders would allow the organised businesses to constructively dialogue with the government on some of the defects of the 2023 Finance Act.

“The four executive orders of President Bola Ahmed Tinubu have stopped the organised business from extinction.

“It did not stop the whole issue but temporarily stopped the business economy from sliding. It has allowed businesses to engage the government on the matter constructively.

“For now, it will stop the slide of many businesses, especially Small and Medium Enterprises”, he said.

Recall that at the twilight of the departure of former president Muhammadu Buhari, several arbitrary taxes were introduced.

Meanwhile, Tinubu has set up a Committee headed by Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, to develop better tax reforms nationwide.