DisCos  Greatest Enemies  Of Manufacturers -MAN

The Manufacturers Association of Nigeria (MAN), has carpeted electricity distribution companies in Nigeria for not doing to boost power supply to its customers.

Its  Director-General,Segun Kadiri, dthis on the heels of  proposed abrogation of Eligibility Consumer Scheme regulation by the Electricity Distribution Companies (DisCos) in Nigeria.

He described the proposal as scandalous, counterproductive and an action that makes the government look insincere in its ease of doing business.

He said:“This move is going to be counter-productive especially when you have industries that have invested far more than what these DISCOs have contributed to the economy.The total numbers of people working in DISCOs all-put-together are not up to the total numbers of the people working in KAMWIRE Industries.

“DISCOs are only out to make cheap monies for the Nigerian populace especially from manufacturers. You will agree with me that all our members that are able to access this scheme are doing very well in their investment process and are able to provide more employment to the masses.

“The process is therefore unreasonable and unacceptable and surprisingly, they are seeking the support of other government agencies. It is going to result in downsizing of industries, high cost of inputs and increase in cost of goods in the society especially at this critical moment when disposable income of an average Nigerian is dwindling.”

He also said  that the power distribution companies have always been frustrating manufacturers,adding that the development explains why not more than five of our members are benefiting from the scheme currently.

He said:”I shall be grossly disappointed if this later comes true, God forbid that the information is true. It will also affect our long waiting plans for the AfCTA which will put us at a very disadvantaged angle if the cost of power supply is high, that means everything will be difficult. We can’t go into competition with other African Countries under AfCTA with a high cost profile.

“How sensible is it that you allow a group of people, whose investments all together are not up to the investment of a single company in the manufacturing sector, to decide how the manufacturers do their businesses?