The Manufacturers Association of Nigeria (MAN) is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720 per litre.
Lanre Popoola, the Chairman, Manufacturers Association of Nigeria (MAN), Oyo, Osun, Ekiti and Ondo branches, stated this in Ibadan while speaking on the increase of prices of petroleum products and lack of power supply.
The chairman noted that, if the situation persisted, it could lead to bigger issues that would further affect the nation’s economy and increase the hardship of Nigerians.
Popoola stated that the way forward is for the government to come in and assist manufacturers, by giving some rebate on diesel, adding that, that is the only lifeline. Royal FM in a chat with Business owners confirmed that they now battle rising cost of diesel, petrol and erratic electricity supply.
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