Fuel hike: Kunle Afolayan seeks help over N11m monthly diesel bill
Filmmaker and entrepreneur Kunle Afolayan has expressed distress over the crippling cost of diesel for powering his businesses, revealing that his operations now incur expenses of up to N11 million
Filmmaker and entrepreneur Kunle Afolayan has expressed distress over the crippling cost of diesel for powering his businesses, revealing that his operations now incur expenses of up to N11 million every four to five weeks.
Afolayan, owner of KAP Film Village and Resort, disclosed this in a video shared on his Instagram page, highlighting the unsustainable burden despite investments in solar power.
“I’ve been sad because I can’t cope with the N1,500 per litre of diesel. In one of the businesses that we run, the KAP Village, we spend about N11m in four or five weeks on diesel. And we have solar power, but we’re still spending about N11m,” he lamented.
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He stated that his businesses resort to buying diesel on credit, with repayments sometimes stretching over two months.
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“The diesel we’ve been buying, we’ve been buying on credit. When we make small money, we find a way to pay. Sometimes it takes two months to even pay down and then get another one on credit. But now from about N1,000 or N995 to N1,500, it’s not sustainable,” he said, adding that he now requires a loan to upgrade his solar infrastructure.
Afolayan has sought support to upgrade his solar infrastructure, amid Nigeria's sustained fuel price spike.
“If you can come to our aid, I’ll really appreciate”, he added.
His plea comes after Dangote Petroleum Refinery recently raised its diesel price to N1,620 per litre.
