How 40% Energy Costs Impact Nigerian Manufacturing-Aderemi Saka, MD/CEO NASCON Allied Industries Plc
NASCON CEO Aderemi Saka breaks down how Dangote Salt is navigating $40 freight rates and massive energy costs without crushing consumers.
In this exclusive BusinessDay Television interview at the 14th Annual CEO Forum, Aderemi Saka, MD/CEO of NASCON Allied Industries Plc (Dangote Salt), reveals how global maritime disruptions in the Middle East have driven up raw material import costs. She explains the reality behind local salt production limits, the company’s shift toward domestic packaging and additive sourcing, and how Nigerian manufacturers are battling power expenses that devour up to 40% of operational costs.
Learn how one of West Africa’s leading FMCG manufacturers utilizes dual-power generation mix, plant optimization, and aggressive cost-saving initiatives to cushion inflation while maintaining price stability for consumers.
CHAPTERS:
00:00 – Introduction & NASCON Overview
00:44 – Middle East Crisis & $40 Shipping Freight Rates
01:40 – Backward Integration & Local Salt Sourcing Limits
02:31 – How 40% Energy Costs Impact Nigerian Manufacturing
03:36 – Closing Remarks
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