Businesses Spend N639bn On Energy And Self-Generate Over 14,000MW.

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Due to inadequate supply from power distribution providers, factories self-generate more than 14,000 megawatts of electricity, which is disrupting productive activity in Africa’s most populous nation.

To lower the high energy expenses that are endured by factories around the nation, a power development firm was established.

Diesel prices have tripled since Russia’s invasion of Ukraine in February 2022, forcing a number of businesses into temporary shutdown. In the most populous country in Africa, many manufacturers do not rely on power distribution firms; because any disruption in their energy sources could cause shutdowns.

To address issues resulting from Russia’s ongoing invasion of Ukraine, a national response and sustainability strategy should be devise. In order to mitigate the effects of the supply gap brought on by the high cost of the product; the Federal Government should promptly set up border posts in that axis and permit manufacturers; and independent petroleum products marketing businesses to import diesel from the Republic of Niger and Chad.

Punch.

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