New electricity tariffs suffocating us – Small-scale industrialists cry out

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Electricity News

Loans Loans Latest News,Loans Loans Headlines

The sudden increase in electricity prices has placed an unbearable burden on small-scale industrialists, who are already grappling with numerous challenges such as high production costs, limited access to credit facilities and stiff competition both locally and internationally.

This position was submitted Thursday by the National Association of Small Scale Industrialists while speaking to newsmen at the Press Centre, Kano. Speaking, the Chairman of the Association, Aminu Ibrahim Kurawa, said, 'We are deeply concerned about the recent implementation of the new electricity tariff in Nigeria.

His words, 'Many of our members operate on thin profit margins, and any additional increase in operating costs, such as electricity tariffs, directly impacts their ability to remain competitive in the market with our international counterparts who are already in our local market.' Aminu explained that the new tariff plan will, in essence, kill the small-scale industrial sector and wreak havoc in the society, including insecurity, which is already a huge challenge across the country.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LOANS

Loans Loans Latest News, Loans Loans Headlines