As the cost of diesel nears N800 per litre, the Manufacturers Association of Nigeria (MAN) have raised the alarm over the impact the skyrocketing price of diesel, which coupled with the current poor electricity supply is making near impossible for them to continue to operate.
Chairman of the Kwara/Kogi branch of MAN, Bioku Rahmon, appealed to the states and the federal governments to urgently come to the aid of the manufacturing industry, as energy cost was currently gulping above 50 per cent of their operating costs.
Unless urgent steps are taken by the federal government, the real sector may soon collapse and thousands of jobs would be lost, the association said.
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