Politics
DR. Wale Adegbite, a former Ogun Chapter Chairman of Manufacturers Association of Nigeria (MAN), on Monday advised the Federal Government to replace the national grid with regional grids.
Adegbite told the News Agency of Nigeria (NAN) in Ota, Ogun that this was necessary in order to have steady power supply across the country.
“There is an urgent need for the Federal Government to make concerted efforts to restructure the electricity industry so that the nation can have continuous public power,” he said.
The former Ogun MAN Chairman identified poor power supply as one of the major challenges militating against the operations of manufacturers in the country.
“We are urging the Federal Government to intensify efforts to address the continuous collapse of the national grid, because the purchase of diesel and petrol pushes the cost of production high.
“In addition, this development is also affecting the profit margins of most manufacturers in the country,” he said.
Adegbite said Federal Government’s ability to successfully tackle the problem of epileptic power supply would help most manufacturers to continue to thrive.
He pointed out that this would be in addition to tackling the challenges of scarcity of foreign exchange being faced by the sector.(NAN)
18th November, 2024.
C.E
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