LCCI, MAN call for gas price review

LCCI, MAN call for gas price review

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to review its pricing policy on gas to boost industrial and economic growth.

The President of LCCI, Mr Babatunde Ruwase, made the appeal in an interview with the News Agency of Nigeria (NAN) in Lagos.

He said that payment for gas in dollars by industrial users was not in tandem with government’s objectives of promoting industrialisation, economic diversification and job creation.

“Most manufacturers are producing for the local market, it is therefore inappropriate to compel them to pay for gas in dollars.

“There are complaints across all sectors about high energy costs, especially high expenditure on diesel and petrol by large and small businesses, respectively.

“Many businesses spend as much as 15 to 25 per cent of their operating cost on alternative power sources,” Ruwase said.

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