

The Lagos Chamber of Commerce and Industry LCCI has called on the Federal Government to introduce tax incentives, reduce import duties, and establish dedicated funding schemes to help small and medium-sized enterprises transition to clean energy sources.
LCCI President Leye Kupoluyi made the appeal on Monday, October 26, 2026, at the annual conference of the chamber’s Liquefied Natural Gas Group held at Commerce House in Victoria Island.
Speaking on the theme “Empowering SMEs Through Affordable Clean Energy,” Kupoluyi stated that high energy costs remain a major obstacle to business survival and competitiveness in Nigeria.
“The government should consider appropriate tax incentives, accelerated capital allowances, and reduced import-related costs for qualifying clean energy equipment, battery storage systems, energy-efficient machinery, and essential components that are not competitively available locally,” Kupoluyi said.
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He added that widespread reliance on petrol and diesel generators due to grid instability subject businesses to unpredictable fuel prices and operational disruptions.
Jacqueline Addy, Chairperson of the LCCI LPG and Downstream Natural Gas Sectoral Group, emphasized that energy expenses directly impact profit margins and job creation, particularly for hospitality and food vendors.
To provide immediate relief, the chamber launched the Eko Gas Scheme 3.0 during the conference, distributing 100 free liquefied petroleum gas cylinders and accessories to small businesses across Lagos State’s 57 local government and local council development areas.
The initiative, supported by industry partners including Gas Transformation and Distribution Limited and Gasavant Africa, aims to lower upfront costs for street vendors and small firms switching from charcoal, firewood, and kerosene to cleaner gas alternatives.

