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The Director General of MAN, Segun Ajayi-Kadir, highlighted the critical role energy plays in the manufacturing process, noting that energy costs constitute approximately 30-40 per cent of production expenses.

He emphasised the urgent need for Nigerian manufacturers to explore alternative, sustainable energy sources to remain competitive locally and globally.

“As manufacturers, we face several challenges, from escalating energy costs to environmental concerns that threaten our profitability. But these challenges also present opportunities for growth and innovation,” Ajayi-Kadir said.

“Nigeria is well-positioned to capitalise on the global shift towards sustainable energy with its abundant renewable resources.”

According to the MAN DG, the sustainable energy initiative was driven by MPDCL to support MAN members in adopting more efficient energy solutions through activities, including conducting energy audits, providing financing options for sustainable energy projects, offering technical training, and advocating for policies that promote energy adequacy in the manufacturing sector.

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