‘Nigeria cannot industrialise as manufacturers spend half of costs on energy’ – Atiku

The statesmanlike campaigner of the African Democratic Congress (ADC), Atiku Abubakar, has warned that Nigeria cannot execute meaningful concern maturation erstwhile manufacturers walk astir fractional of their operating costs connected energy.

Atiku said the precocious outgo of diesel and different vigor sources was putting unit connected Nigerian businesses, forcing manufacturers to walk much wealth conscionable to support their factories running.

He spoke done a connection issued by his Senior Special Assistant connected Public Communication, Phrank Shaibu, portion reacting to the projected Vienna-listed enslaved statement by the President Bola Tinubu administration.

Atiku said diesel prices had risen to astir N2,000 per litre oregon much successful immoderate concern areas, portion vigor expenses had go a large load for manufacturers.

He cited figures from the Manufacturers Association of Nigeria (MAN), saying energy-related expenses present relationship for much than fractional of manufacturers’ operating costs.

According to him, manufacturers spent astir N1.34 trillion connected alternate vigor successful 2025, portion spending successful the archetypal fractional of 2026 had already approached the aforesaid level.

Atiku said manufacturers successful places specified as...