International Centre for Commerce, president, Alex Obi Odunukwe, has lauded President Muhammadu Buhari’s determination in the anti-graft war and urged him to take the battle to the power sector in order to improve electricity in Nigeria.
He lamented what he described as waste of resources which in turn arise to unstable power supply, making it difficult for businesses to power their operations while homes that are able and willing to purchase prepaid metres can usually not do so because of artificial scarcity.
According to him, “There is no power to encourage production of goods and services in the country. Many industries and factories cannot produce due to scarcity and high cost of diesel. Let there be availability of prepaid metres everywhere. People are willing to pay for it at any cost but it is no where to be found”.
He speaking when he donated cash and food items worth N500,000 to two orphanages- Life Changers Orphanage Home, Festac and So-Said Charity Home, Okota, Lagos.
He urged the President to look at ways of reducing the cost of doing business in the country.
“We used to buy $1 for N150 but now it has risen above N300. This seriously affects the last consumer, thus increasing the sufferings of the masses. Let the government reduce the exchange rate so as to boost and increase electricity supply to homes and businesses,” he said.