CPPE Urges FG to Shield Businesses from Unlawful Shutdowns, Calls for Investor Protection Policy

|By Adejumo Adekunle

The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government to urgently create a policy framework that prevents the unlawful shutdown of businesses across Nigeria.

In a statement released on Sunday, CPPE Chief Executive Officer, Muda Yusuf, emphasized that protecting investors and employers is not a privilege but a national economic necessity. He noted that such a policy would boost investor confidence, safeguard businesses from disruptive labour actions, and enhance economic stability.

“Investors mobilise capital, create jobs, and generate the tax revenues that sustain government and society,” Yusuf said. “Without them, there can be no sustained growth, employment, or national prosperity.”

He stressed the need for Nigeria to institutionalise a fair, secure, and predictable business environment that encourages wealth creation while balancing the rights of investors and workers.

According to CPPE, the call is not an attempt to weaken labour unions but to ensure a balanced economic framework that guarantees sustainable growth, social stability, and national security.

The statement follows recent industrial tension between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery over alleged mass sackings of workers. The two-day strike action, however, was suspended after the intervention of the Federal Government, which led both parties to reach a truce.