 The federal government has been urged to investigate the importation of contaminated fuel. This advice came from the president of the Lagos Chamber of Commerce and Industry, Michael Olawale Cole, during the quarterly press conference of the chamber. He advised the government to remove the fuel subsidy to help better the economy. Adebanke O'Dounie has more on this. This was the quarterly press conference of the Lagos Chamber of Commerce and Industry, LCCI. At the event, the chamber discussed several issues plagued the country and recommendations were given. The president of the chamber, Mr Michael Olawale Cole, stated that the federal government needed to dig into the seasonal fuel scarcity in Nigeria. Of particular concern to him was the recent bad fuel experience caused by the importation of contaminated fuel. We had the unfortunate incidents of the contaminated fuel import into the country in January this year. And then the partial suspension of the PIA implementation. Beyond the accusations and trading of blinks, nobody has so far been sanctioned or punished for their roots in the importation of contaminated fuel. This development reflects a failure of governance and regulation. We urge the government to please conduct an audit of what went wrong. On the economy, Olawale Cole advised that forex rates need to be unified in a bid to aid transparency. The NARA has recorded unprecedented volatility in the first quarter of this year, with a wide name gap between the official NARA rates at 415 per US dollar and the BDC market rate of 589 USD. The chamber has positioned that monetary authorities need to liberalise the forex market by unifying the multiple forex rates. The chamber appealed to the government to find new ways of tackling insecurity, adding that control must be created over gun ownership. We have a duty to appeal to government, that's what we are doing. We know they are doing their best, but there's a lot of worry which I know that even those who are in government feel those worries and concerns. The more the control of guns, where unauthorised and unauthorised people possess firearms without street control, it's a big danger. The president said the power grid which has collapsed three times this year alone can't power Nigeria adequately and that the solution to poor power supply is renewable energy. It is becoming clearer that the national grid cannot supply sufficient power to meet our electricity demand. We therefore recommend that governments must invest more in technology to fight pipeline vandalising and governments should create funding for critical infrastructure and special purpose intervention in the power sector, the most sustainable solution to Nigeria's power shortages is the transition to renewable energy. The group urged the federal government to implement these recommendations to put the country on the right path, Alibanke Ojunwi plus TV Africa.