The Nigeria Employers’ Consultative Association (NECA) says businesses have not yet fully felt the benefits of the Federal Government’s ongoing economic reforms. In comments reported from Abuja, NECA Director-General Adewale-Smatt Oyerinde tells Newsmen that, despite the reforms, many firms continue to face difficult operating conditions. NECA points to persistent inflation, high energy costs, and exchange-rate volatility as key factors limiting business recovery and growth. Oyerinde’s assessment is presented as part of NECA’s broader review of the administration’s economic performance. While NECA acknowledges that reforms have been implemented, it says the expected improvements in the business environment have not materialized consistently across the country. The association’s stance reflects that firms are still dealing with cost pressures and instability in key economic variables, which can affect pricing, input costs, and planning. The report focuses on NECA’s evaluation that reform impacts are still incomplete for businesses rather than on specific policy measures or timelines.