The Manufacturers Association of Nigeria (MAN), has partnered Negris, an indigenous engineering company to further address power challenges in the nation’s manufacturing sector, and reduce the capital expenditure in powering their operations from 40 per cent, The Guardian reports.
The Chairman, Economic Policy Committee, MAN, Reginald Odiah, explained that the partnership will see Negris supply reliable power to manufacturing outfits in Ikeja and environs on agreed terms. He maintained that it would go a long way to cut down undue expenditure and the extra cost in providing alternative means for power generation incurred by manufacturers in the country.
He said the association has entered into some level of engagements with power providers in solar, waste to energy and a couple of other energy sources in order to provide power to companies in the northern part of the country that do not have access to gas. “We are also talking about small hydro plants where we have small rivers and streams and all these are being put together,” he added.
Also, the Managing Director, Negris, Wole Ayoola, said with a centralised power plant and a number of people coming together, manufacturers can be sure of having access to power supply at a reduced cost, adding that addressing the power situation in Nigeria is a collective effort by different stakeholders in the industry.