News Formal

Abuja Chamber of Commerce and Industry Expresses Concern Over Increase in Electricity Tariffs

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 38 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 94%

Business News

Abuja Chamber Of Commerce And Industry,Electricity Tariffs,Ease Of Doing Business

The Abuja Chamber of Commerce and Industry (ACCI) has expressed concern over the recent increase in electricity tariffs, stating that it could negatively impact the ease of doing business in Nigeria. The President of ACCI, Mr Emeka Obegolu, highlighted the potential significant impact on businesses across various sectors of the economy, particularly Small and Medium Enterprises (SMEs).

The Abuja Chamber of Commerce and Industry , has expressed concern over the recent increase in electricity tariffs, saying it could negatively impact on the ease of doing business in Nigeria.The Abuja Chamber of Commerce and Industry , has expressed concern over the recent increase in electricity tariffs, saying it could negatively impact on the ease of doing business in Nigeria.

“The ease of doing business is a critical factor for fostering economic growth, attracting investments, and creating job opportunities. He also expressed concern that the tariff hike, combined with other economic challenges such as the removal of fuel subsidy and foreign exchange unification, could further compound difficulties faced by businesses.

“It is vital to strike a balance between ensuring a sustainable energy sector and mitigating the adverse effects of tariff hikes on businesses, particularly during these trying times,” he told NAN. The Abuja Chamber of Commerce and Industry , has expressed concern over the recent increase in electricity tariffs, saying it could negatively impact on the ease of doing business in Nigeria.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Easter: ACCI president calls for national unity to empower business growthThe President of Abuja Chamber of Commerce and Industry (ACCI) Mr Emeka Obegolu, has urged Nigerians to build a united nation, where business
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Increase in Electricity Tariffs Could Negatively Impact Ease of Doing Business in NigeriaThe Abuja Chamber of Commerce and Industry (ACCI) expresses concern over the recent increase in electricity tariffs, stating that it could have a negative effect on the ease of doing business in Nigeria. The President of ACCI, Mr Emeka Obegolu, highlights the potential impact on businesses across various sectors, particularly Small and Medium Enterprises (SMEs), which are crucial to the country's economy.
Source: TheNationNews - 🏆 6. / 69 Read more »