Apathetic attitude of some members of the Organized Private Sector
and ignorance of the informal sector especially at the grass roots level.
Dearth of reliable and up-to-date data in designing specific intervention
programmes for different segments of enterprises.
The high cost of doing business in Nigeria due to operational infrastructural inadequacies, legal/ regulatory challenges and weak operation
capacities of MSMEs. Expenses such as payment of commercial rates
for training and capacity building, and mandatory regulatory fees by
National Agency for Food and Drug Administration & Control
(NAFDAC), Standards Organization of Nigeria (SON) and to a lesser
degree, Corporate Affairs Commission (CAC) are hardly affordable,
especially by start-ups. The Federal Government is also addressing
these problems and hopes to develop a permanent solution in due
course.
5.2 Objective 2: Ensure that Corporations Act as Good Corporate Citizens with
Regard to Human Rights, Social Responsibility and Environmental Sustainability
5.2.1 Chapter IV of the 1999 Constitution of the Federal Republic of Nigeria has
provisions relating to Human rights enforcement. The issue of Human rights is
of general application and the Federal and State Governments have been consistent in their adherence to both the Constitution and relevant labour laws.
5.2.2 In March, 2011 a new National Minimum Wage was approved for the country.
Among other benefits accruing to the government and people of Nigeria from
the new minimum wage is that, it serves to ameliorate the suffering of the
people under the current global economic crises, raise the general standard of
living and efficiency of workers as well as have multiplier effects on poverty
alleviation.
Though a welcome development, the new wage has provoked controversy
between the state and Federal Government on the one hand and the governments and labour on the other.
5.2.3 Breaches of Constitutional human rights and labour laws by corporations, especially essential service providers, have been a recurring decimal in Nigeria
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