THE Nigeria Employers Consultative
Association, NECA, has bemoaned the prolonged delay in signing and implementing
the 2016 budget, saying that such development gives Nigeria bad image before
the comity of nations.
This is just
as the management of the Nigeria Social Insurance Trust Fund, NSITF and NECA
have concluded plans to convene an interactive forum in July on Safe Workplace
Intervention Programme, SWIP, to provide employers who have complaints about
its services to ventilate their positions. The Director-General of NECA, Segun
Oshinowo, who lamented the delay in resolving the controversy on 2016 budget in
an interview with journalists shortly after the Acting Managing Director of
NSITF, Ismail Agaka visited him in his office, wondered why those responsible
with the drafting and passing the budget would not complete and pass budget
before the beginning of any fiscal year.
Meanwhile, the NSITF boss has called
for the institutionalisation of corporate governance structures to boost its
operations. Agaka explained that, “Corporate governance is a system, methods,
processes and procedures that governs organizational businesses. Where there is
a breakdown in the procedure, there would be negative impact not only on the
organization, but also on other stakeholders who relate with the organization.
“It is no secret that not only NSITF, but also the public sector over the years
has witnessed this dysfunctional corporate governance. What we are therefore
doing at the NSITF is in tandem with the change mantra of the present
administration.”
The NECA DG while commenting on the impasses the non-passage
of the 2016 appropriation bill has caused, explained that such a development
was an indictment on Nigerians as a people. According to him, “The inability of
the National Assembly and executive to produce the 2016 budget is saying
something silently loud about our country. I think it is shameful that there is
no budget four months into the year.
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