The Manufacturers Association of Nigeria (MAN) has requested the government to review its diesel importation channel, to prevent industries from shutting down due to the soaring price of the commodity, IgbereTV reports
MAN said Industrial hubs are becoming warehouses and event centers, as many can’t cope with the economic challenges of rising diesel cost, poor electricity supply and shortage of foreign exchange.
The manufacturers explained through in statement from its Director-General, Segun Ajayi-Kadiri, that the rising cost of doing business could be curbed by allowing importation of diesel and aviation from Chad and Republic of Niger.
With diesel price rising by 200 percent to above N800 per litre, coupled with multiple taxation, the manufacturers’ association said on Monday that the companies might be forced to shutdown if the government doesn’t intervene
