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Nairametrics
Home Business News

CAC On Strike: Foreign Investors Will Not Take Nigeria Serious

Onome Ohwovoriole by Onome Ohwovoriole
February 17, 2017
in Business News
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Nairametrics| Workers at the Corporate Affairs Commission (CAC) on Wednesday began a three day warning strike. Reasons for the strike border on salary arrears, and lack of training. These common place labour mattershas led to the complete paralysis of activities in the agency, with its resultant wider implications on Nigeria’s image as a business destination very dire.

For a country that claims to be doing all it can to improve ease of doing business in it, the inability to carry a task as simple as registering a company name does not represent sincere efforts to back the promise. The negative implications could also have an indirect effect on the attempt to bring the country’s economy back to the path of survival as foreign investors are likely to be deterred from doing business due to minor snags such as this.

It is hoped that whatever reasons the workers have for carrying out this industrial action, the appropriate bodies will quickly step in to resolve the issues and allow business to resume in the Corporation.

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Tags: CACease of doing business
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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