• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, June 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

MAN Advocates Increase In Electricity Supply

by Olushola Bello
4 months ago
in Business
MAN
Share on WhatsAppShare on FacebookShare on XTelegram

The Manufacturers Association of Nigeria (MAN) has advocated for an increase in electricity supply from the abysmal average of 4,000MW per day.

Advertisement

The director-general of MAN, Segun Ajayi-Kadir stated this in his reaction to the proposed increase in electricity tariff. Ajayi-Kadir noted that, electricity is a critical input in manufacturing processes, and it has significant impact on production cost and prices of products, saying that incessant increase in electricity tariff in Nigeria is hindering the performance of the sector and growth of the economy.

According to him, “sustainable and low-cost energy supply provides incentives for scale production and competitiveness of the industrial sector. It was based on the critical importance of energy security in achieving the industrial aspiration of Nigeria, that the Power Sector was privatized in 2013 to improve the scale of energy supply to the nation, particularly the industries.”

He emphasised that this particular privatisation has not yielded the desired results, saying “it is widely believed that this is because the operators in the value chain lack the technical and financial capacity to operate and deliver optimally.

“The installed capacity has been consistently put around 10,000MW and it has not been fully utilised due to the limited capacity of the GenCos and DisCos to generate and distribute adequate electricity supply nationwide. Despite the inability to meet the consumer demand, we have witnessed consistent increase in tariff without a commensurate and good quality supply.

RELATED

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

13 hours ago
Adedeji Assumes Office, Promises 18% Tax-to-GDP Ratio

FIRS Entering New Era Of Excellence, Trust — Adedeji 

15 hours ago

“According to NBS, the electricity supply stood at 5,909.83 (Gwh) in Q2 2023 but reduced to 5,769.52 (Gwh) in Q1 2024 and 5,612.52 (Gwh) in Q2 2024 when the tariff increase of over 230 percent was implemented. Thus, indicating 5.03 percent decrease year on year and 2.72 percent quarter on quarter.

“MAN has severally advocated for an increase in electricity supply from the abysmal average of 4,000MW of electricity per day for over 200 million people whereas Nigeria needs more than 30,000MW of electricity to appreciably meet the growing electricity demands by businesses and households in the country,” he pointed out.

MAN DG disclosed that, “the proposed increase in electricity tariff is inimical to the competitiveness of Nigerian products and businesses as it will further exacerbate the impact of high cost of production, worsen the current inflationary pressure, aggravate the pressure on the disposable income of the average Nigerian, increase the unsold inventory of manufacturers, erode their profit margin, increase unemployment rate and lead to closure of more private businesses.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Manufacturer Association of Nigeria (MAN)
SendShareTweetShare
Previous Post

FilmOne Cinema Speaks On Controversy Surrounding Nigeria Box Office Rankings 2024

Next Post

No Explosion At Warri Refinery, Routine Maintenance Ongoing –NNPC

Olushola Bello

Olushola Bello

You May Like

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards
Business

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

2025/06/03
Adedeji Assumes Office, Promises 18% Tax-to-GDP Ratio
Business

FIRS Entering New Era Of Excellence, Trust — Adedeji 

2025/06/03
CBN Grants RoutePay Licence To Provide Digital Payment Solutions
Business

1,500 Bureau De Change To Shut Down As Recapitalisation Deadline Elapses

2025/06/03
Key Infractions In NCDMB Governing Council Inauguration Exposed
Business

NCDMB Executive Secretary Appointed To APPO Board

2025/06/03
‘Involve Facility Managers In Design, Construction Phases’
Business

‘Involve Facility Managers In Design, Construction Phases’

2025/06/03
Sandtex Paints Strengthens Northern Nigeria Market Presence
Business

Sandtex Paints Strengthens Northern Nigeria Market Presence

2025/06/03
Leadership Conference advertisement

LATEST

Group Commends Military For Security Successes, Endorses Tinubu For 2027

Minister Inaugurates NEDC Mega School In Yobe

Aiyedatiwa Flags Off Dualisation Of Akungba-Ikare Road

Gov Ododo Flags Off Construction Of Idah Township Road

Minister Inaugurates Greenville LNG’s 1st LCNG Facility In Northeast

Protest In Ondo Over Attack On Monarch

You’re Architect Of Hunger, Shehu Sani Blasts El–Rufai

FG, UN To Secure 1m Residents From Desert Encroachment

APC To Sanction Members Who Take Appointments From Gov Kefas

Sokoto Govt Directs MDAs To Submit Monthly Expenditure Reports

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.