Manufacturers spent N425 billion on alternative energy sources such as gas, low-pour fuel oil, diesel, and petrol between 2017 and 2021, according tocomputation of energy expenditure of members of the Manufacturers Association of Nigeria, MAN, within the period.
In reality, expenditure on power fell by 39 per cent between 2017 and 2021, but power remains a major challenge facing manufacturers as 40 per cent of their expenditure goes into sourcing of energy for production activities.
The Chairman of the Power Sector of the Manufacturers Association of Nigeria, Engr Ibrahim Usman, confirmed that some manufacturers who could afford alternative energy sources were fully deploying them, but noted that those who could not afford such still relied partly on DisCos for electricity supply.
cchukudebelu Not only manufacturers, a lot of residential homes here in Ikorodu have given up on IKEDC and are now using solar, inverter & generators
MBuhari ProfOsinbajo OfficialAPCNg
With time our electrification companies will be out of business.
Why won't Nigerians switch to alternative energy when discos are dancing disco and tungba with their lives