The Nigeria Employers’ Consultative Association (NECA) has expressed strong opposition to the Financial Reporting Council of Nigeria’s decision to impose high annual dues on private and non-quoted companies.
NECA criticized the levies as “outrageous” and cautioned that such financial demands could have detrimental effects on businesses and hinder economic expansion. The association’s concern arises from the implementation of the Financial Reporting Council’s new policy that mandates these payments.
This development has raised alarm among private firms, who view the levies as potential obstacles to their operational sustainability and overall growth in the Nigerian economy.
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