By Siaka Momoh
LAGOS – The Lagos Chamber of Commerce and Industry has set up a Power Sector Group to further its advocacy role.
At the inauguration of the Group in Lagos, President of the Chamber, Alhaji Remi Bello identified it as one that would provide useful inputs for the Chamber’s advocacy activities “for the protection of stakeholders’ interests and improvement of the power sector as a whole.”
He disclosed that the LCCI’s objective was to obtain optimal results on the current reforms of the sector by seeking maximum value for electricity consumers and also to assist private sector investors, especially the indigenous ones, and seek proper identification of strategic areas in which government intervention is necessary along the power delivery chain.
“The Chamber is desirous of making the reform work for the economy, private sector and Nigerian citizens,” Bello said.
Participants at the inauguration, who were mainly stakeholders in the Power Sector of the economy, lauded the Chamber’s initiative and assured that the contributions of diverse stakeholders at the event towards the promotion of the sector would ensure ultimate realisation of the Chamber’s goal.
The Lagos Chamber of Commerce and Industry, which was established in 1888, has its membership drawn in virtually all sectors of the economy. The Power Sector Group is a fall out of the existing Science, Energy and Technology Group which has Vice President, Engr. Mrs. Joana Maduka as chairperson.
A renowned engineer, Mr. Effiom Edet, was appointed as interim chairman of the Power Sector Group.
