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MAN in limbo as diesel price surges to N290/litre

The Manufacturers Association of Nigeria (MAN) seems to be in serious debacle as the price of a litre of Automotive Gas Oil, also known as diesel, has maintained an upward trend. Currently the price stands at as high of N290 this week. Investigations show that the price jump is buoyed by the recent increase in global oil prices and naira devaluation.
Besides, MAN, the United Nations Industrial Development Organization (UNIDO) has partnered with the Federal Ministry of Environment to foster industrial energy efficiency in Nigeria.
UNIDO declared its commitment towards improving IEE and resource efficiency and cleaner production in the country during a workshop in Lagos. The Minister for Environment, Dr Mohammed Abubakar, represented by the ministry’s Director, Pollution and Control, Charles Ikea, said the successful application of IEE and RECP contributed to global efforts aimed at controlling negative impacts on the planet coming from the use of natural resources in production, generation of industrial pollutants and greenhouse gas emissions. He said, “This project will make significant contributions to Nigeria’s quest for the reduction of GHG emissions from industrial facilities and impact positively on our nationally determined contribution. It will create cleaner and more efficient production processes and energy efficiency that would improve industries’ resilience in uncertainties of energy costs. “It will also increase the competitiveness of manufacturing companies in the country, place the country’s economy on a low-carbon path, and enable Nigeria to fulfil its obligations under the various multilateral agreements that she is a signatory to.”