The minster of power Bayo Adelabu has revealed that more than 60 per cent of manufacturing companies in Nigeria have been forced to exit the national grid due to unreliable power supply.
The Minister who disclosed this at the release of a National Integrated Electricity Policy (NIEP) and the public presentation of the Integrated Resource Plan (IRP), said the manufacturers have resulted in self-generation of power
According to him, the development has driven production costs and made Nigerian goods uncompetitive.
The IRP report was in collaboration with the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF).
Adelabu said that the launching of the new policy will help to drive the transformation of Nigeria’s power industry, and ensure the return of the manufacturing firms which had exited the national grid.
