Industrial clusters energy spend drops 22% – MAN
Power supply to industrial clusters improved slightly year-on-year in the second half of 2017, from eight to nine hours on the average, leading to a 22 percent decrease in manufacturers’ energy expenditure.
According to the latest data obtained from the Manufacturers Association of Nigeria (MAN), manufacturers spent N51.35 billion in the last six months of 2017 as against N66.03 billion expended in the second half of 2016, indicating a 22.23 percent drop. Power outages occurred four times each day on the average in the second half of 2017, the data said.
“The decline in expenditure on alternative energy source can be attributed to the relative improvement in electricity supply to manufacturing companies from the national grid,” MAN says. About 30 to 40 percent of manufacturers’ expenditure goes to alternative energy sources such as diesel, fuel, gas, low-pour fuel oil, USPs, coal-fired plants and inverters, among others.
Source: Business Day