Manufacturers in Edo, Delta groan under poor power supply, others –MAN chairman | The Guardian Nigeria News - Nigeria and World News

Dr Okwara Udensi, Chairman of MAN, Edo/Delta chapter, also said the high inflation in the country and the continued depreciation of the Naira in the foreign exchange market were forcing manufacturers in both states to scale down their activities.Udensi told the News Agency of Nigeria in Benin on Friday that the manufacturing sector might become moribund if the high cost of production of manufactured goods was allowed to continue.

“The power supply is going down on a daily basis, while consumers are being charged outrageous electricity tariff; in some cases you will not have power but electricity bills will be given to you to pay.“All our members are complaining about power shortage because the price of Diesel to run generators has recently gone up to N290 per litre.

According to him, the price of most of the raw materials, especially the imported ones, had gone up by over 100 per cent.“We are struggling to remain in business because customers are not ready to buy our manufactured products at high prices.”

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The population question in Nigeria | The Guardian Nigeria News - Nigeria and World NewsGoing by rising inflation particularly of food items, high unemployment and increasing poverty in Nigeria, it is hardly surprising that a debate on the country’s population has been simmering lately.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

D’Tigers bow out of Tokyo 2020 Olympic basketball | The Guardian Nigeria News - Nigeria and World NewsD’Tigers of Nigeria were yesterday sent packing from the Tokyo 2020 men’s basketball event, after losing 71-80 to Italy in their last Group B.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

‘Never allow prevailing situations steal your joy’ | The Guardian Nigeria News - Nigeria and World NewsThe Anglican Bishop of Igbomina, The Rt. Rev Emmanuel Adekola has urged government at all levels to put measures in place towards eliminating insecurity in the country.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Yobe earmarks N200m for Universal Healthcare scheme | The Guardian Nigeria News - Nigeria and World NewsYobe State government has earmarked N200m for the Social Equity Programme (SEP) in the health sector.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Kolo advocates Digital Literacy in Nigerian universities | The Guardian Nigeria News - Nigeria and World NewsThe Vice Chancellor of Crawford University, Igbesa, Ogun State, Prof. Reuben Jiya Kolo, has called on Nigerian universities to put ‘Digital Literacy’ into their systems.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Kim's sister slams planned US-South Korea drills | The Guardian Nigeria News - Nigeria and World NewsThe influential sister of North Korean leader Kim Jong Un said Sunday that a planned military exercise between Seoul and Washington
Source: GuardianNigeria - 🏆 1. / 94 Read more »