Power: NACCIMA calls for cancellation of fixed electricity charge

The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for the cancellation of electricity tariff fixed charge to consumers in the country.

The National President of NACCIMA, Alhaji Badaru Abubakar, made this call in a parley with newsmen on the review of the state of the nation in the year 2014, saying, in the face of present epileptic power supply in the country, the chamber consider the electricity tariff fixed charge of between N750 and N1, 500 based on Multi Year Tariff Order (MYTO)2 Retail Tariffs (Residential) to be too high for the average Nigerians who earn very low income and therefore urged that there should be no fixed charge to consumers.

“Similarly,

NACCIMA seeks delay of new automotive policy take-off

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government to delay take off of the new Automotive Policy to March, 2015.

economyIn a chat with newsmen in Lagos on the state of the nation, National President of NACCIMA, Alhaji Badaru Abubakar, said the delay has become necessary to enable stakeholders resolve the lingering controversies generated by the policy and reach a consensus on how to effectively implement the policy for the benefit of the sector’s investors and the economy at large.

“Having reviewed the lingering controversies between

Relief for ailing $600m ceramics industry as investors show interest

The wobbling ceramics industry valued at $600 million may be on the verge of resuscitation, as interest from the private sector picks up on the back of renewed enlightenment on the industry’s huge opportunities for growth and returns.

Gian Paolo Crasta, marketing and communication manager, Association of Italian Manufacturers of Machinery for Ceramics (AIMAC) is set to announce today (Thursday, August 28) plans by investors from Italy, to tap into the Nigerian tile sub-sector, while also providing the needed machineries for local businessmen who may be interested in the manufacture of the product. 

Also, the West African Ceramics Limited (WACL) has  recently announced interest to set up a $50 million ceramics plant (mainly tiles) at Agbara, Ogun State.

Similarly, over 100 individuals and private firms are currently