Nigeria In One Minute
POWER CRISIS: Manufacturers To Set Up Generating Plant
Nigerian manufacturers have moved to overcome the setback caused by epileptic public power supply in the country by generating their own power.
To this end, they have commenced plans to set up an independent power plant to serve the interest of local industries.
The manufacturers, under the umbrella of Association of Nigeria (MAN), disclosed that they were taking this strategic step, even in the face of seeming investment challenges in the country, in order to galvanise the industrial sector and bring production to full capacity.
The director of Economics and Statistics of the Association, Mr. Ambrose Oruche, told LEADERSHIP yesterday that so much work had been done to actualise the project.
He said three areas had been identified for the project – Ikeja, Amuwo Odofin and Ilupeju – all in Lagos state, adding that the only constraint at the moment is getting a better gas price deal from government.
“We have opened discussion (for us) to be given the status of Generation Company (GenCo) so that we can get gas at the price government sells to them (GenCos), which is about $2 as against $7 sold to other users.
Leadership, February 1, 2017
RipplesNigeria ….without borders, without fears
Click here to download the Ripples Nigeria App for latest updates
Join the conversation
Opinions
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.