Business
NASSI Urges States To Build Independent Power Plants
Vice President of National Association of Small Scale Industrialists (NASSI) Mr Duro Kuteyi, has urged state governments to build their own independent power plants.
Kuteyi told the newsmen in Lagos on Tuesday that this was necessary to complement the current power generation from the PHCN.
He said that the call was essential against the backdrop of current fluctuations in the nation’s power generation.
“The power situation has become unbearable and SMEs are at the receiving end of poor power supply.
“If state governments can do this and manage it properly, SMEs won’t have to bother when the nation’s power generation fails because they will have something to fall back on,” he said.
Kuteyi said that power generation by state governments would also help in area of employment and tax generation.
“The power supply is dismal and undependable, making expenses incurred by SMEs on power supply to account for about 40 per cent of their production cost.