Filmmaker and entrepreneur Kunle Afolayan has raised concerns over the soaring cost of diesel, revealing that running his businesses now costs up to N11 million every four to five weeks despite investments in solar power.
Afolayan, owner of KAP Film Village and Resort, shared his frustrations in a video posted on his Instagram page, describing the burden as unsustainable.
“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.
He explained that his businesses often purchase diesel on credit, with repayment sometimes taking up to two months.
“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,” Afolayan said, adding that he now needs a loan to enhance his solar power infrastructure.
He appealed for support to help upgrade the solar setup amid Nigeria’s persistent fuel price surge.
“If you can come to our aid, I’ll really appreciate it,” he added.
His concerns come shortly after Dangote Petroleum Refinery increased its diesel price to N1,620 per litre, intensifying operational costs for businesses across the country.
