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Why Nigerian Businesses Bleed Profits on Energy Costs

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Running a business in Nigeria today is tough enough—high inflation, supply chain issues, and staffing costs. But one silent killer of profitability is energy.

 

For most SMEs, factories, hotels, and even restaurants, energy takes 30–40% of operational costs. Think about it: diesel generators guzzle fuel daily, while PHCN tariffs keep rising. It’s not uncommon for a medium-sized business to spend ₦1–2 million monthly just on electricity and diesel.

 

The hidden cost is worse. Unmonitored tanks lead to theft. Inefficient appliances waste electricity. Generators break down more often because they’re overworked. These add up to millions in preventable losses every year.

 

The sad part? Many businesses don’t even realize how much they’re bleeding. They accept high bills as “normal.” But forward-thinking businesses know better. They’re adopting energy-saving devices and fuel monitoring technologies that reduce consumption by 20–30%, extend solar battery life, and eliminate theft.

 

At Wattic Energies, this is our mission: helping businesses cut waste, save money, and grow sustainably. Because every naira saved on energy is a naira that can be reinvested into growth.

 

👉 Question: How much of your monthly expenses goes to diesel or electricity—and do you have a plan to cut it down?

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