Energy accounts for 40% of production cost – DG MAN

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Director General, Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi-Kadiri, has said that energy cost accounts for 40 percent of production cost in the manufacturing sector, Vanguard reports.

Ajayi-Kadiri disclosed this at the fifth workshop of the pilot Energy Efficiency Network (EEN) in Lagos where he underscored the need for energy efficiency in the manufacturing sector, adding that efficient energy consumption is a critical factor for sustainable and profitable business. Participating companies were Nigerian Bottling Company Plc, BEL Papyrus Limited, Conserveria African Limited, Cormart Nigeria Limited and Vitafoam Nigeria Plc.

The participating companies in the EEN received technical support to implement an energy management system based on ISO 50001, the international standard for energy management, which was recently adopted and published by the Standards Organisation of Nigeria (SON), as a Nigerian Industrial Standard (NIS/ISO 50001).