Stakeholders  have called for the speedy resolution of the imbroglio between Coca-Cola and Consumer Protection Council, CPC, saying that it is giving investors course for concern.

The Nigerian Employers Consultative Association (NECA), the umbrella organisation of employers in the Organised Private Sector of Nigeria, in a statement said the CPC, in its bid to survive in a dispensation of tight fiscal policy and diminishing budgetary funding, has resorted to methods that are inimical to the sustenance of the real sector.

This came on the heels of Coca-Cola Nigeria being slammed  a civil penalty of N100 million (including a whopping N60 million cost of investigations), as the outcome of its investigation indicted them after an administrative panel set up to investigate a consumer complaint, regarding two half-empty cans of Sprite manufactured by NBC Limited, under the licence and authority of Coca-Cola Nigeria Limited.

A review of the CPC Act shows that a N50, 000 fine, is the highest penalty such an infraction should attract.

While the regulatory environment for Nigerian entrepreneurs is improving, considerable challenges remain.

According to the World Bank, Nigerian businesses spend valuable time and resources trying to comply with a myriad of local regulations.

”Removing burdensome regulations is an essential step toward a stronger private sector,” said Rita Ramalho, 2015 Doing Business report lead author, World Bank Group.

“Although Nigerian enterprises face regulatory obstacles, implementing business-friendly reforms will allow local entrepreneurs use their time and resources more efficiently.