By Gilbert Ekugbe
“Nigerian manufacturers currently self generate as much as 13,000MW through alternative sources in order to remain in business, and expended over N129 billion in 2016.”
Frank Jacobs, President, Manufacturers Association of Nigeria (MAN) disclosed this during a special interactive forum on Eligible Customer Regulation , an initiative of the Federal Government , held in Lagos.
He commended the Federal Government’s Eligible Customer Regulation, saying that it would go a long way to drive industrialisation while also boosting power supply in the country.
He pointed out that the privatisation of the power sector has led to strategic initiative such as the Independent Power Projects (IPPs), micro grid platforms and the approval of about N213 billion facilities to stabilise the electricity market.
Represented by Engr Ibrahim Usman, Vice President, North West Zone MAN, he said: “Do not forget that this is a brand initiative from the government to fill up the energy gaps. We need to inform our members so that they will take advantage of the opportunity. The essence of this gathering is to let MAN members know how they can take advantage of the eligible customer regulation. There is 2000 MW available for takeoff and this is the first time it is happening so we must be very grateful to the government, to the Transmission Company of Nigeria and the Nigerian Electricity Regulation Commission (NERC) for all the support and initiative.”
“So far the government has done very well to ensure that there is a lot of electricity, but a lot of it is not being consumed due to challenges of the transmission network, but this initiative is commendable because it allows power to get to its customers so that those generating the power are also paid. For us manufacturers, most of us spend close 32 to 40 per cent of our cost on electricity supply and this is why our products are not competitive at the global arena.”