Rising Diesel, Energy Costs Threaten Operations at Film Village, Says Kunle Afolayan
Nollywood filmmaker and entrepreneur Kunle Afolayan has raised concerns about the increasing cost of diesel in Nigeria, warning that the situation is placing heavy financial pressure on his business operations.
The film producer disclosed that one of his businesses, the KAP Film Village and Resort, spends approximately ₦11 million on diesel every four to five weeks to maintain power supply.
Afolayan, who made the revelation in a video shared on his Instagram page on Tuesday, explained that the high cost of diesel has made it increasingly difficult to sustain operations, even with alternative energy sources in place.
He noted that despite installing solar power systems, the resort still relies heavily on diesel generators to guarantee steady electricity for its facilities.
He explained that diesel currently sells for about ₦1,500 per litre, a sharp rise from around ₦995 to ₦1,000 per litre recorded only a few days earlier, making energy expenses significantly higher for businesses dependent on generators.
The filmmaker added that the financial burden has forced his businesses to purchase diesel on credit, with payments sometimes stretching over several weeks before debts can be cleared.
He explained that when revenue comes in, part of it goes toward settling outstanding diesel bills before new supplies are obtained, a cycle he described as increasingly difficult to sustain given the latest price increase.
The appeal from Afolayan comes amid rising energy costs across Nigeria. The development follows recent adjustments in fuel prices after the Dangote Petroleum Refinery raised the gantry price of Premium Motor Spirit (petrol) multiple times within a week.
The refinery attributed the increase to fluctuations in global crude oil prices linked to tensions arising from the ongoing conflict in the Middle East.
Business operators across several sectors have continued to raise concerns over the impact of rising energy costs on operations, particularly in areas where reliable public electricity supply remains limited.
