Manufacturers in Nigeria spend about N1.34 trillion on alternative energy in 2025, according to the Manufacturers Association of Nigeria (MAN). The figure reflects increased reliance on non-grid power amid rising production costs. MAN links the higher spending to ongoing economic reforms, which it says contribute to worsening operating conditions for industrial businesses. Vanguard reports that the 2025 estimate represents a 71.4% increase compared with N781.68 billion recorded in 2023. Both outlets describe the spending as a response to the broader pressure on industrial performance, including the cost of powering operations when grid supply and affordability do not meet demand. Taken together, the reports frame alternative energy expenditure as growing over the period as manufacturers seek to sustain output and manage disruption, while economic policy changes intensify financial strain. The information is presented as an assessment by MAN.
Nigerian manufacturers spend N1.34tn on alternative energy in 2025, MAN says
Manufacturers in Nigeria spend about N1.34 trillion on alternative energy in 2025, according to the Manufacturers Association of Nigeria (MAN). The figure reflects increased reliance on non-grid power...
- Manufacturers’ alternative energy spending in 2025 is estimated at about N1.34 trillion, according to the Manufacturers Association of Nigeria (MAN).
- MAN reports the 2025 figure is up from N781.68 billion in 2023, a 71.4% increase.
- Rising operating and production costs are cited as a driver of the increased spending.
- Ongoing economic reforms are described as contributing to worsening industrial performance and higher energy-related costs.
- The spending reflects continued reliance on alternative power sources beyond the electricity grid.
By Yinka Kolawole Manufacturers in Nigeria spent an estimated N1.34 trillion on alternative energy sources in 2025, representing a 71.4 per cent increase from N781.68 billion recorded in 2023, as businesses grappled with the rising cost of production triggered by ongoing economic reforms. The Manufacturers Association of Nigeria (MAN) disclosed this in its assessment of the […] The post ECONOMIC REFORMS: Manufacturers’ alternative energy expenditure surges 71.4% to N1.34trn in two years appeared first on Vanguard News.
2 months agoNigerian manufacturers spent N1.34tn on alternative energy in 2025 due to economic reforms, increasing operating costs and worsening industrial performance Read More: https://punchng.com/manufacturers-spent-n1-34tn-on-alternative-energy-in-2025-man/
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