Managing Director, Gossy Natural Spring Water, Folake Oshinyemi has just revealed that the company spends between 40 and 60 percent of its income on power annually.The Nation reports.
According to her, the high cost of electricity has impacted the price of the firm’s finished products, she also stated that it is unbearable for the government to ask them to pay so much for power when bulk of the power used annually is being generated by the firm.
“It’s ridiculous that the government wants us to pay for what we cannot claim to have used in a whole year. In the last one year, we have generated our own power in our factory in Ikogosi, Ekiti State.”
“Here, we generate our power, tar our roads and are made to pay taxes and levies; now they are increasing tariffs for power that is not supplied to us. The government should, therefore, ensure that the electricity distribution companies (DisCos) and the generation companies (GenCos) are effectively supported to ensure adequate power supply,” she added.
Gossy Natural Spring Water is a subsidiary of UACN, which is one of the biggest food enterprise in the country.