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Manufacturers Spend N76.7bn On Alternative Power In 6 Months

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Manufacturers under the auspices of the Manufacturers Association of Nigeria (MAN) have lamented the effect of Nigeria’s energy crisis on its activities, as it disclosed spending N76.7 billion to source alternative power from July to December, 2022.

The sector was negatively affected as the electricity industry wobbled following the inability of Electricity Distribution Companies (DisCos) to sustain steady supply.

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MAN, in its latest report obtained by our correspondent, indicated that electricity supply to the industries from the national grid during the second half of year 2022 declined marginally to 11 hours per day from 12 hours recorded in the preceding half.

However, the average number of outages per day stabilised at four times in the second half of 2022, the year.

Irrefutably, the trends show that power supply to the industry is still a huge challenge which accounts for huge investment of manufacturers in self-energy generation.