• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

MAN laments over poor electricity supply, high cost of diesel, raw materials

Abiola Odutola by Abiola Odutola
August 1, 2021
in Business News, Manufacturing
Government Urged to Deliberately Subsidize Manufacturing in Nigeria for Economic Growth

Image Credit: Freepik

Share on FacebookShare on TwitterShare on Linkedin

The Manufacturers Association of Nigeria (MAN) has lamented over the poor electricity supply, high cost of diesel, and raw materials witnessed across the nation.

These challenges are affecting the businesses of its members in Edo and Delta states.

What MAN is saying

Dr Okwara Udensi,  Chairman of MAN, Edo/Delta chapter, explained that the high inflation in the country and the continued depreciation of the Naira in the foreign exchange market were forcing manufacturers in both states to scale down their activities.

RelatedStories

Government Urged to Deliberately Subsidize Manufacturing in Nigeria for Economic Growth

Nigerian Manufacturers spent N144 billion on sourcing alternative energy in 2022

June 24, 2023
MAN, manufacturing sector

MAN says manufacturers spent N144 billion on alternative electricity supply, opposes tariff hike

June 23, 2023

Udensi  said that  the manufacturing sector might become moribund if the high cost of production of manufactured goods was allowed to continue.

He said, “Our members are complaining of low power supply from the electricity distributors in the areas where their businesses are located.

“The power supply is going down on a daily basis, while consumers are being charged outrageous electricity tariff; in some cases you will not have power but electricity bills will be given to you to pay.

“All our members are complaining about power shortage because the price of diesel to run generators has recently gone up to N290 per litre.

“We were buying a litre of Diesel for between N210 to N230 earlier this year, but it has increased by almost 30%.”

According to him, the price of most of the raw materials, especially the imported ones, had gone up by over 100%.

“We are struggling to remain in business because customers are not ready to buy our manufactured products at high prices,” he added

He suggested that the government should monitor the activities of the power distributors to tackle the sharp practices in their dealings with consumers.

Udensi also recommended that both the government and private investors should look into investments in renewable sources of energy, such as the use of gas and solar power for industrial purposes.

Tags: Manufacturers Association of Nigeria (MAN)
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

Related Posts

Government Urged to Deliberately Subsidize Manufacturing in Nigeria for Economic Growth
Business News

Nigerian Manufacturers spent N144 billion on sourcing alternative energy in 2022

June 24, 2023
MAN, manufacturing sector
Business

MAN says manufacturers spent N144 billion on alternative electricity supply, opposes tariff hike

June 23, 2023
CBN, DSS,
Energy

How CBN’s latest withdrawal limits could affect energy access for small businesses

December 7, 2022
Nigerian soft drinks manufacturers say FG proposed could cripple industry
Business News

Nigerian soft drinks manufacturers say FG’s new proposal could cripple industry

November 22, 2022
Manufacturing: CEO Confidence index rose to 52.9 points in Q2 2021 – MAN
Business News

Manufacturing: CEO Confidence index rose to 52.9 points in Q2 2021 – MAN

September 9, 2021
Debt profile: MAN raises concerns over Nigeria's rising figures
Business News

Manufacturers Association of Nigeria backs CBN on FX ban to BDCs

August 2, 2021
Next Post
NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

Nigerian refineries lose N104.3 billion in 13 months

Comments 1

  1. U. Collins says:
    August 2, 2021 at 2:56 pm

    Same old same old. We have refused to solve our own problem

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Alleged $12 Million Money Laundering: EFCC Witness testifies against SunTrust Bank MD, Executive Director 
  • Three cement giants and FIRSTHOLDCO spark rally as ASI shatters 130,000 on the Nigerian stock market 
  • FG to host International Air Show in Abuja in December 

Follow us on social media:

Recent News

Federal High Court, ,

Alleged $12 Million Money Laundering: EFCC Witness testifies against SunTrust Bank MD, Executive Director 

July 17, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

Three cement giants and FIRSTHOLDCO spark rally as ASI shatters 130,000 on the Nigerian stock market 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics