By; PATRICK TITUS, Uyo
The Managing Director of Champion Breweries Plc, Mr. Patrick Ejidoh has decried the high cost of running business in Nigeria due to epileptic power supply, saying his company spends over N1 billion annually on buying of diesel to power generator for its operations.
Ejidoh stated this while interacting with members of the Correspondent Chapel of the Nigeria Union of Journalists (NUJ) Akwa Ibom State chapter who paid him a courtesy visit in his office in Uyo.
Champion Breweries PLC, the producers of Champ Malta, Amstel Malt and Champion lager and Legend stout in Uyo, Akwa Ibom State, the MD said the development in the country has forced factory owners to resort to self help in the area of electricity generation to sustain their businesses.
According to him, “We spend over one billion Naira annually to fuel the generators providing electricity to the Plant. In one year of 365 days we spend over N700,000.00 fueling the generators and spend over N300,000 on maintenance.
“We will be happy if Port Harcourt Electricity Distributing Company (PHEDC) would accept N.5billion annually but give us constant power supply because that would definitely reduce the company’s production cost and increase our turn over.
“But as it is, we cannot depend on public power supply because of frequent fluctuation and its damaging effect on the production line”, he stated.
Another factor that has affected businesses, especially the manufacturing companies in the country is inflationary trend which Mr. Ejidoh said has affected the importation cost of raw materials.
He also blamed the high cost of doing business in the country to multiple tax system, describing it as frustrating stressing that the system does not give room for business growth.
Earlier, the chairman of the Correspondents’ Chapel, Mr. Aniefiok Udoquak had told Mr. Ejidoh that members were on the visit ways of collaborating with the company for it to meet the yearning aspirations of the people of the state in term of job creation, wealth and service delivery having been one of the few functional companies in the state.
He commended the management of the company for keeping the Champion Breweries afloat despite the numerous challenges highlighted by the managing director.
Members were later conducted round the operations line of the company by one of the senior management staff