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

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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.

 

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