Search results for: Nigerians decry declining power supply amid disruption to 29 plants

500+ results

Advertisement
Advertisement
Business one year ago

Manufacturing sector’s share of GDP declining fast, MAN warns

Chair, Manufacturers Association of Nigeria (MAN), Ogun State Chapter, George Onafowokan, has expressed concern over the decline in contribution of the manufacturing sector to Nigeria’s gross domestic product (GDP), which he said fell from 16.04 per cent in Q4 2023 to 12.68 per cent by the end of 2024.

National 9 years ago

N4.637 trillion power plants with 6,000mw capacity idle

About 12 power projects in the country, with cumulative construction value of N4.637 trillion and installed capacity of over 6,000 megawatts (MW) have either been abandoned by the operators or remained idle since completion. This is amid the country’s struggle to generate less than 4,000MW daily for consumers.