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Nigerian Manufacturers' Alternative Energy Spending Surges to N1.34 Trillion

Nigerian manufacturers have significantly increased their expenditure on alternative energy sources, spending N1.34 trillion in the past two years. This surge reflects efforts to mitigate the impact of economic reforms and unreliable power supply.

3 Jun, 00:00 — 3 Jun, 04:03
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The Story

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Source Diversity

Low (19/100)
2 sources— more sources would strengthen this score15/33
Spectrum spread— 1/5 buckets covered0/33
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Left
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Center (2)
vanguard-ngpunch-ng
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Geographic diversity— 1 region4/34
Nigeria2
ℹAll sources from Nigeria region
ℹOnly 2 sources cover this story

Sources

Showing 2 of 2 sources
punch-ngMostly Factual96d ago

Manufacturers spent N1.34tn on alternative energy in 2025 – MAN

Nigerian manufacturers spent N1.34tn on alternative energy in 2025 due to economic reforms, increasing operating costs and worsening industrial performance Read More: https://punchng.com/manufacturers-spent-n1-34tn-on-alternative-energy-in-2025-man/

By Punch Newspapers

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vanguard-ngMixed96d ago

ECONOMIC REFORMS: Manufacturers’ alternative energy expenditure surges 71.4% to N1.34trn in two years

By Yinka Kolawole Manufacturers in Nigeria spent an estimated N1.34 trillion on alternative energy sources in 2025, representing a 71.4 per cent increase from N781.68 billion recorded in 2023, as businesses grappled with the rising cost of production triggered by ongoing economic reforms. The Manufacturers Association of Nigeria (MAN) disclosed this in its assessment of the […] The post ECONOMIC REFORMS: Manufacturers’ alternative energy expenditure surges 71.4% to N1.34trn in two years appea...

By Urowayino Jeremiah

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Coverage Timeline

First report: punch-ng · 3 Jun, 00:00Full coverage: 2 · 4hWindow: 4h
Left-leaningCenterRight-leaning
punch-ng3 Jun, 00:00First to report

Manufacturers spent N1.34tn on alternative energy in 2025 – MAN

4h later
vanguard-ng3 Jun, 04:03Latest update

ECONOMIC REFORMS: Manufacturers’ alternative energy expenditure surges 71.4% to N1.34trn in two years

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