 The Nandura Employers Consultative Association, NECA, has asked the federal governments to re-operate its monetary and fiscal policies to address the multifaceted challenges confronting the nation. Director-General NECA Mr. Wally Smart Oyeridi, while speaking in a budget recently, described the current economic policies as ineffective within the context of the current challenges. Oyeridi said a deliberate and transparent process of evaluating economic policies should be put in place with the organized private sector, who were critical stakeholders at the centre. According to him, some of the initiatives of the Apex Bank had the capacity to stimulate and drive the economy towards the path of sustained growth if the impure demands were removed. The NECA DG further stated that while the monetary policies aim to reflate the economy through various interventions, the fiscal policies tended to sift through the productive sector by frequently introducing new taxes and levers. Examples, according to him, included the recent telecommunication excise tax, excise DT and carbonator drinks, brevity stacks and the NYC levy.