African Development Bank, Generator, Manufacturers Association Of Nigeria

African Development Bank, Generator

Business can't survive in Nigeria without generators, says Adesina

Business can't survive in Nigeria without generators, says Adesina

10/27/2021 5:08:00 PM

Business can't survive in Nigeria without generators, says Adesina

President of the African Development Bank , Akinwumi Adesina has faulted the lack of reliable power supply as an obstacle to Nigeria's industrial growth.

27 October 2021President of the African Development Bank, Akinwumi Adesina has faulted the lack of reliable power supply as an obstacle to Nigeria’s industrial growth.He said this on Tuesday at the 49th annual general meeting of the Manufacturers Association of Nigeria in Abuja.

[BREAKING]: Sylvester Oromoni: Lagos orders indefinite closure of Dowen college Dowen College: They told my son to describe his sister's private part, says late Sylvester Oromoni's father Dowen College: Teachers, security men should explain Sylvester's death, Father demands

Adesina stated that Nigerians spend $14 billion yearly on generators and fuel. He also quoted a report by the International Monetary Fund which stated that Nigeria loses $29 billion annually, about 5.8 per cent of its Gross Domestic Product due to a lack of reliable power supply.

He said, “Today, no business can survive in Nigeria without generators. Consequently, the abnormal has become normal,” Adesina said.“Traveling on a road one day in Lagos, I saw an advertisement on a billboard which caught my attention. It was advertising generators, with the bold statement “we are the nation’s number one reliable power supplier!”

The former minister of Agriculture also noted the various challenges affecting manufacturing in the country stating that reliable power supply is a major challenge. Read more: The Punch Newspapers »

2023: Nollywood Stars Under Fire For Endorsing Ailing Former Lagos Governor, Tinubu For President

Mugu so you're supporting generator instead of talking how to get permanent light in the country 🙄. Soon all of you will dance the dance of shame. 🤨 Thief in bowtie. That's why i can never support any govt empowerment program because there is nothing to leverage your business on. The electricity bill is high, cost of space rent is high. If you dare think of loan the interest rate and conditions will chase you away.

That's the more reason the fund spent on NEPA is a waste why you funding NEPA again It’s called d Ease of doing Business. Generators r so ubiquitous such that d President gropes in d dark without them in Aso Rock. Oga since u left, govt is even more clueless with daily survival of limb & property being priority. Businesses save 4 ransom incase kidnap of 🔑 staff

Most locally produced products are cheaper than their imported counterparts. Nigeria’s manufacturers don't have to use generators, yes, but the greatest challenge their products are facing in the market is poor quality. Quality has nothing to do with whatever source of power. Generator makers must be very please that there's a country called Nigeria. Without us, they'd be out of business. Our foolishness is there gain.

NEED BEST QUALITY ALUMINUM CASEMENT WINDOWS, SLIDING WINDOWS AND ALUMINIUM DOORS FOR YOUR BUILDINGS AND OFFICES WITH LATEST DESIGNS AT VERY AFFORDABLE RATES? REACH US ON: 07030486698 TODAY. WE ARE IN LAGOS AND WE FABRICATE AND DELIVER FAST NATIONWIDE. Being like that since forever! Awon werey,you can't give out what you do not have,yet my dear country Nigeria gives out power to other neighbouring countries just for their selfish interest to import generators.

We don’t need it all we need is electricity

No Business Can Survive In Nigeria Without Generators – African Bank President, Adesina | Sahara ReportersAkinwumi made this submission on Tuesday, while speaking at a meeting organised by the Manufacturers Association of Nigeria (MAN) in Abuja. Its no news to Nigerians He isn't thinking about electricity, that's how we grew up to accept nonsense as normal. What happened to electricity

No Mr Adesina, it won't survive because it will still be killed by Nigerian govt even with generator.

Africa Prudential deploys new business solutions | The Guardian Nigeria News - Nigeria and World NewsAfrica Prudential has announced the introduction of business solutions for corporate entities across several sectors of the economy as it intensifies transformation into a digital technology provider.

PDP national convention holds Oct. 30, says Ologbondiyan | The Guardian Nigeria News - Nigeria and World NewsThe Party’s National Publicity Secretary, Mr Kola Ologbondiyan, briefing journalists in Abuja, said arraignments for the convention were ongoing.

Reduction in unemployment will tackle insecurity, says Labour | The Guardian Nigeria News - Nigeria and World NewsThe organised labour has called on the Federal Government to address high rate of unemployment in the country. The Nigeria Labour Congress (NLC) warned that if the rate of unemployment.... Labour that is dead and buried in Nigeria is talking, na wahoo Children's story

We can't invest in humanity without relieving our countries of debt burden - Buhari - Daily TrustPresident Muhammadu Buhari has said developing countries cannot invest in humanity without relieving themselves from the crushing effects of the debt burden. The debt they willing get themselves into? Aren't you the borrowing president we all know? Clown what does this one know, a common imposter. Professors Soyinka,said give these people their biafra or they will continue to exposé your atrocities,BUHARI buy market, when we tell people that MALAMI & all those involved will go to jail they think that it's a JOKE people are serving 100years in ICC for laisser crimes😁😁😁😁

President Buhari Woos Investors, Promises Good ReturnsPresident Muhammadu Buhari yesterday in Riyadh, Saudi Arabia, asked investors who want to get return for their investment to do business in Nigeria