By Tobi Awodipe President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, even with the over 200 per cent hike in electricity tariff, companies still do not have access to public power and still cough out billions of naira monthly on alternative sources of energy to power their operations. Idahosa said while the operators understand that removing subsidy on electricity supply may have been in line with attracting foreign investors to the sector with a cost-reflective tariff, they have also countless times advocated that the country subsidises production rather than consumption. He said it was painful seeing
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