LCCI Advocates for Investment in Small-Scale LNG, CNG
The Lagos Chamber of Commerce and Industry (LCCI) called on the Nigerian government to create a predictable regulatory and commercial environment to attract private investments in small-scale Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) distribution. This appeal was made by the President of LCCI, Mr. Leye Kupoluyi, during the chamber’s event themed “Empowering SMEs Through Affordable Clean Energy.” Kupoluyi stated that bridging the gap between Nigeria's abundant gas resources and the energy needs of productive enterprises requires investment in gas gathering, processing facilities, and distribution networks.
He emphasized the importance of regulatory coordination and policy consistency, urging the government to provide clarity on energy pricing and licensing. Additionally, he recommended targeted fiscal incentives for clean energy adoption, including tax incentives and reduced import costs for clean energy equipment.
The ultimate goal is to reduce energy costs while improving reliability and minimizing harmful emissions.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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