Industrialist Laments Poor Power Supply

The Managing Director/
Chief Executive Officer, Sofan Estal Industry, Mr. Sossou Kouami Oliver, has lamented the negative impact  of epileptic electricity supply in the country, saying it has frustrated the economy of the nation by slowing down the pace of industrilisation.
Oliver, who stated this while speaking to newsmen in Lagos regretted that poor power supply was taking away whatever  profit the industries are making in Nigeria.
“Electricity is a major problem because  it is taking whatever little profit  we’re making  from the business,” he said.
He said the price of diesel is going up every day while power supply is going down,  noting that if the power  supply   was stable, irrespective of the tariffs being paid it would be better .
“If the power supply is stable and we are paying  high tariff for it, I think it would be better because no matter how high the tariff will be, it wont be as much as the amount every business man  or woman spends on generating power.
The Tide reports that both small and large scale business operators in the country view epileptic  public power supply as the bane of survival  in business as over 35 per cent of their  profit goes to alternative power supply.
They believe that apart from being epileptic, the electricity distribution companies  across the nation charge  Gbysimally high and the companies  distributing electricity base  their charges on the amount of  services  rendered instead of on general volume of gas  bought.
Recently, Hotels in Port Harcourt, the Rivers State  capital took a joint resolution that  the Port Harcourt Electricity Distribution Company (PHED) should cut their  supply lines because of high tariff.