As Nigeria power supply challenges persists, the Manufacturers Association of Nigeria, MAN, met with experts to sort out ways of changing the narrative bedeviling the manufacturing sector, due to the crippling impact of unreliable electricity on industrial operations.
At a Summit with the theme : " Power Supply Adequacy for Industrial Growth in Nigeria,” put together by the Manufacturers Power Development Company Ltd, discussions spanned critical areas, including the adoption of decentralised energy systems, integration of renewable energy sources and the need for policy reforms to foster a more stable power supply ecosystem.
Emphasis was placed on building resilient energy infrastructures, optimising energy efficiency within manufacturing processes and exploring public-private partnerships to bridge existing gaps.
The collaborative approach highlights the urgency of mitigating energy constraints to unlock the sector full potential and drive industrial growth in Nigeria.
In his address, the President, MAN, Francis Meshioye, noted that the event marked a significant milestone in the collective quest for energy security and sustainable manufacturing practices, emphasising the commitment of the association to explore collaborative strategies that will enable manufacturers to reduce energy costs, transit to sustainable energy sources and comply with Environmental, Social and Governance (ESG) standards.
Meshioye noted that, energy security is not only good for the growth of a business but also a national priority, calling for support for the manufacturing sector which accounts for a significant share of Nigeria’s GDP, which is critical to economic development.
He reeled out some of the challenges disturbing the industry to include unreliable power supply, high energy costs and environmental concerns. “But we also see opportunities for innovation, job creation and sustainable growth.”
Mathew Edevbie, Group Managing Director, Income Electrix Ltd, spoke on challenges, prospects and strategies for sustainable energy as part of ensuring energy security for manufacturers in Nigeria; the holistic Energy cost reduction approach.”
" Nigeria currently faces a huge electricity supply deficit , which manifests in high energy demand, huge supply-demand gap, low grid capacity, adding that " with the cost of infrastructure development, the supply demand gap is unlikely to be resolved anytime soon " Edevbie
He noted that a limited supply from electric grid has forced industries to self generate electricity, explaining that, Nigeria incurs #26billion in economic losses due to electricity shortages.
Cruise Ni, Director of Huawei Digital Power, Nigeria, spoke on Technology Innovation for Steady Power Supply in Nigeria: Optimizing Africa economic potential, explained in details, the innovation and alternative energy supply to reduce manufacturing energy cost.
Ni pointed out that, in the past five years the cost of diesel average grid tariff, prices of batteries and solar panels went high, as such there was need for improvement in innovation and technology to meet the rising demand.
Managing Director and CEO, Association of Nigerian Electricity Distribution (ANED), Sunday Oduntan stated and I quote, " the country’s power infrastructure is outdated, under maintained and insufficient to meet the growing needs ".
According to Oduntan, transmission and distribution networks suffer from technical inefficiencies resulting from significant energy losses, adding that, investing in grid infrastructure, modern transmission and distribution networks will reduce losses and increase capacity.
Odutan suggested that, consumers, large population, manufacturers and industrial areas should have access, supporting the motion that power should be affordable to all.
Sherifat Oyediran, Lagos