AICGL Calls for Reprioritisation of Funds from The Lagos – Calabar Coastal Road to Electricity Infrastructure

By Nelson Utip

The Association of Importers of Consumer Goods Lagos (AICGL) ha called on The Federal Government of Nigeria to reconsider its plans for the construction of a 700-kilometer coastal road from Lagos to Calabar and proposes redirecting the funds allocated for the project to enhancing electricity supply in the country.

In a statement signed by its chairman, Jude Okonkwo , he noted that amid Nigeria’s ongoing economic challenges, including exchange rate instability, addressing issues like electricity supply and stabilising the exchange rate would greatly benefit small and medium-scale enterprises and improve the standard of living for the average consumer.

“The Association of Importers of Consumer Goods Lagos (AICGL) is calling on the Federal Government of Nigeria to reconsider the construction of the 700KM coastal road from Lagos to Calabar. The association suggests a redirecting of the funds earmarked for this project towards improving electricity supply in the country.

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“With Nigeria facing pressing economic challenges, such as the instability of exchange rates, AICGL believes that focusing on issues like electricity supply and exchange rate stabilization will benefit small and medium-scale businesses and improve the lives of the average consumer.

“A stable electricity supply is crucial for business growth and the well-being of Nigerians, Redirecting funds to this critical infrastructure will create a conducive environment for businesses and alleviate financial burdens on importers and consumers.” The statement read in part.

The association also emphasised the urgency of addressing these economic challenges in order to prevent financial losses in the future for importers which will ensure a more prosperous future for all Nigerians.