Lagos Chamber of Commerce urges government to support clean energy for SMEs

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigerian government to establish a predictable regulatory and commercial environment to attract private investment into small-scale Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) distribution.

During the LCCI Eko Gas Scheme 3.0 event, LCCI President Leye Kupoluyi emphasized the need to bridge the gap between Nigeria’s abundant gas resources and the energy needs of productive enterprises. He advocated for increased investment in gas gathering, processing, transportation, and storage infrastructure.

To support Small and Medium Enterprises (SMEs), the LCCI is requesting specific fiscal measures, including tax incentives, accelerated capital allowances, and reduced import costs for clean energy equipment, battery storage, and energy-efficient machinery. The chamber also recommended the creation of dedicated clean energy financing windows to help businesses overcome high upfront costs and reduce reliance on expensive petrol and diesel generators.