High Energy Costs: Manufacturers Divert Nearly Half Of Budgets To Power Generation

Nigerian manufacturers are diverting substantial portions of their operating budgets to alternative energy sources as unreliable electricity supply, rising tariffs and inadequate transmission infrastructure increase production costs and threaten industrial competitiveness.
The deepening electricity crisis has forced businesses to invest heavily in alternative power generation to sustain operations, leaving manufacturers with fewer resources for production expansion, equipment upgrades and job creation.
The Manufacturers Association of Nigeria (MAN) has warned that rising electricity tariffs and persistent supply disruptions are making it increasingly difficult for local manufacturers ...