The Nigerian government is being urged to establish a policy framework that prevents the unlawful shutdown of businesses. The Centre for the Promotion of Private Enterprise (CPPE) argues that such a framework is essential to protect investors and promote economic growth. CPPE Chief Executive Officer Muda Yusuf emphasized that safeguarding investments is a national economic imperative, as investors create jobs, generate tax revenues, and drive growth.
The call for a policy framework arises amid concerns over labour‑union disruptions, which can significantly impact businesses and the wider economy. While the CPPE does not seek to undermine the role of labour unions, it stresses the need to balance the rights and responsibilities of all stakeholders. A fair, secure, and predictable business environment is crucial for attracting and retaining investors, fostering sustainable economic growth, social stability, and national security.
The issue has become more urgent following a recent two‑day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria against Dangote Refinery over mass dismissals. Although federal intervention led to a truce and the suspension of the strike, the incident highlights the necessity of a clear policy to prevent such disruptions and ensure businesses can operate without undue interference.
By institutionalizing a policy framework that protects investors, the Nigerian government can boost investor confidence, create a more favourable business environment, and promote economic growth. This, in turn, would positively affect employment, tax revenues, and national prosperity. As the CPPE notes, investors are essential to driving economic growth, and it is the government’s responsibility to create conditions that allow them to operate effectively, ensuring a stable and secure business climate critical to the country’s development.
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