New Regional Energy Programme Aims to Improve Industrial Competitiveness and Lower Production Expenses
The Manufacturers Association of Nigeria (MAN) has unveiled a new initiative designed to reduce energy costs for manufacturers operating in Nigeria's South-East, as part of broader efforts to improve industrial productivity and strengthen the region's manufacturing sector.
The programme seeks to address one of the biggest challenges facing manufacturers—high energy expenses—which continue to increase production costs and reduce the competitiveness of locally produced goods.
Addressing High Energy Costs
Speaking during the launch of the initiative, officials of MAN noted that manufacturers in the South-East spend a significant portion of their operating budgets on electricity generation due to unreliable public power supply.
Many businesses rely heavily on diesel- and petrol-powered generators, exposing them to rising fuel prices and increasing production costs.
The association said the new programme is intended to explore more affordable and sustainable energy solutions capable of supporting industrial growth.
Focus on Alternative Energy
According to MAN, the initiative will encourage greater adoption of alternative energy sources, improved energy efficiency and collaborative power solutions among manufacturers.
The association explained that reducing dependence on expensive self-generated electricity could significantly improve productivity while lowering the prices of locally manufactured products.
Industry stakeholders are also expected to participate in discussions aimed at identifying practical financing models for cleaner and more reliable industrial power systems.
Supporting Regional Industrial Growth
MAN described the South-East as one of Nigeria's major industrial hubs, home to thousands of small, medium and large manufacturing enterprises.
The association believes reducing energy costs will help manufacturers expand production, create more jobs and contribute more significantly to Nigeria's economic growth.
Officials also expressed optimism that improved access to affordable power would encourage additional private investment in the region's manufacturing sector.
Call for Government Support
The association urged federal and state governments to strengthen policies that encourage investment in industrial energy infrastructure.
MAN also appealed for improved electricity supply, supportive regulations and incentives that would enable manufacturers to transition to more sustainable power solutions.
According to the association, addressing energy challenges remains essential for achieving long-term industrial development and reducing Nigeria's dependence on imported goods.
Manufacturing Sector Faces Persistent Challenges
Nigeria's manufacturing sector continues to grapple with rising operating costs driven by unstable electricity supply, foreign exchange volatility, inflation and logistics challenges.
Industry leaders argue that lowering energy expenses is one of the fastest ways to improve productivity, increase competitiveness and stimulate economic expansion.
MAN said the new initiative represents an important step toward building a more resilient manufacturing sector capable of supporting sustainable industrialisation across the South-East and Nigeria as a whole.
