Manufacturers Spend N1.35trn On Alternative Power In 2025 – MAN

Nigerian manufacturers spent about N1.35 trillion on alternative power generation in 2025, up from N1.11 trillion in 2024, as high electricity tariffs and unreliable supply continue to raise industrial operating costs.

The Manufacturers Association of Nigeria (MAN) disclosed this ahead of its 2026 Manufacturers Energy Security and Energy Efficiency Summit, which will explore affordable power solutions, financing options and energy-efficient technologies to reduce production costs.

MAN President, Dr Ifeanyi Okoye, said the two-day summit would focus on reducing industrial energy costs, improving access to affordable gas, promoting energy efficiency and mobilising financing for alternative power solutions.

The summit has the theme: “Innovative Energy for Cost-Effective Smart Manufacturing with Structured Financing.”

Okoye said high electricity tariffs, unreliable power supply and dependence on expensive alternative energy sources had continued to undermine industrial productivity and the competitiveness of Nigerian manufacturers.

He explained that energy costs consume a significant portion of manufacturers’ resources, limiting their ability to expand production, invest in technology and compete effectively with counterparts in other African countries.

According to him, the summit would also explore ways to strengthen energy infrastructure, diversify industrial power sources and deepen public-private partnerships to promote sustainable manufacturing.

MAN said the increase in spending on alternative power reflected the financial burden on factories forced to supplement unreliable grid electricity with other energy sources.

The association is expected to use the summit to promote practical solutions that could improve energy security, reduce operating expenses and strengthen the competitiveness of Nigeria’s manufacturing sector.