Nigerian manufacturers decry skyrocketing costs amid fuel hikes

Manufacturers in Nigeria are sounding the alarm over high diesel costs and constant power outages, warning that many factories risk closure. At Universal Luggage Industries in Lagos, production heavily relies on diesel generators amid an unreliable national grid supply. Executive Director Frank Onyebu said the company now spends between $139,000 and $146,000 on electricity, despite […] The post Nigerian manufacturers decry skyrocketing costs amid fuel hikes appeared first on KBC Digital. Manufacturers in Nigeria are sounding the alarm over high diesel costs and constant power outages, warning that many factories risk closure. At Universal Luggage Industries in Lagos, production heavily relies on diesel generators amid an unreliable national grid supply. Executive…