The President of the association, Mr Wale Adegbite, told the News Agency of Nigeria (NAN) in Ota that the “step was a welcome development’’.
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Adegbite said that the Nigerian Electricity Regulatory Commission (NERC) had finally listened to the complaints of manufacturers.
“But, what the NERC has done is to reverse the increase the commission did in January, so it is not really a reduction,’’ he said.
Adegbite said that there was need for the Federal Government to create enabling environment like provision of stable electricity, good roads and adequate security.
He said that manufacturers as the engine of economic growth of any nation would be able to thrive and generate employment where good infrastructure exist.
NAN reports that the Federal Government on Tuesday announced a 50 per cent reduction in the nation’ electricity tariffs. (NAN)