The Manufacturers Association of Nigeria has raised the alarm over the crippling impact of persistent power outages on industrial productivity, complaining that most manufacturers are now unable to operate beyond eight hours daily.
MAN Director-General, Segun Ajayi-Kadir, told The PUNCH how energy challenges contributed to the decline manufacturers faced amid escalating costs and unreliable electricity supply.
Ajayi-Kadir noted that the situation, exacerbated by repeated national grid collapses, has left manufacturers grappling with unsold inventory worth over N1.2tn and forced many to rely on costly generator power.
“Power remains very high,” he asserted. “The cost of power remains very high and you will be aware that it has been difficult even to sustain supply in the last three to four weeks. I mean, this is what we have said over time.
“Now, because there is a high level of unsold inventory, I think up to N1.2tn, manufacturers are not even producing. Very few produce more than eight hours a day, and most of them are not metered. So they are being made to pay this high cost for even power that is inadequate or unavailable.”
