Tag: Manufacturers Association of Nigeria (MAN

Nigeria Manufacturers’ Spending On Generators, Fuel Hits N153.13Bn In Two Years

ADEOLA YUSUF

Poor electricity supply worsens woes for manufacturing sector as producers spent N71.22Bn to provide alternative power In 2021 alone, pushed losses to consumers   The spending on alternative power sources particularly the generators and fuel by manufacturers in Nigeria has hit N153.13 billion in just two years. Platforms Africa, which reports this using data from the Manufacturers Association of Nigeria (MAN), noted that the manufacturers spent N71.22billon to provide alternative energy for their operational activities for the fiscal year 2021. Analysts say this amount would have been enough to build…

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Nigeria’s Manufacturers groan as spending on generators hits N67.38bn in one year

Precious Ibekwe

  Energy cost in Africa’s biggest crude oil exporter soared to 38% in 2019 Manufacturers in Nigeria have spent a whooping N67.38 billion to buy, maintain and fuel generators in 2019, a harrowing experience that is running their businesses aground. This came as the energy cost for small, medium and large scale firms in the Africa’s biggest crude oil exporter soared by 38 per cent in the year. The Manufacturers Association of Nigeria (MAN), which rolled out these figures, maintained that said its members spent over N67.38 billion on self-generated…

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