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Business owners groan under huge electricity bills

However, the inflation figure from the bureau in January 2021 points to a record 16.47 per cent which was 0.71 percent higher than the figure for December 2020. The food index rose farther than ever with a record 20.57 percent in January 2021 compared to the 19.56 percent recorded in December. Business owners frustrated in Lagos A bakery manager at Ogba Lagos, who simply gave her name as Miss Gbemi, said the owner of the bakery recently decided to close shop because of the high cost of production. This, she said, was worsened by the exorbitant electricity bill which led to the disconnection of their light for months before the bakery was shut down.

LCCI harps on challenges, solutions in the paper industry

Vanguard News LCCI harps on challenges, solutions in the paper industry On As firm  unveils tech to eliminate ATM fraud By Cynthia Alo   President of the Lagos Chamber of Commerce and industry, LCCI, Mrs Toki  Mabogunje, said that poor infrastructure, policies, lack of conducive operating environment, among others, have constrained the production and sustenance of the pulp industry in Nigeria. Speaking at the product launch of the FAE Limited at  the 7th day of the Lagos International Trade Fair (LITF), Mabogunje stated: ‘’The paper industry has not been operating at a maximum capacity over the years and this is due to several factors like policy and  poor infrastructure, among others. The sector has also, for long been dependent  on importation and this has affected its productivity  and sustainability.’’

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