Showing posts with label domesticating spending. Show all posts
Showing posts with label domesticating spending. Show all posts

Thursday, 17 July 2014

LCCI urges NERC to urgently address outrageous bills

The Lagos Chamber of Commerce and Industry, LCCI, has called on the National Electricity Regulatory Commission (NERC) to urgently address the growing concerns over the outrageous bills to consumers.
The Chamber also called for review of the concept of fixed charges.
In a parley with the media, the President of LCCI, Alhaji Remi Bello, said there is need for NERC to urgently address the growing concerns over the outrageous bills to consumers as most SMEs spend considerable sum on payment for public power supply, adding that, often, these firms never get the power supply commensurate to payments made.
“The power situation is still a major problem for business across all sectors. Energy cost remains a major threat to business sustainability. Expenditure on diesel and other fuels continued to increase.
The power sector privatisation is yet to