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