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Nollywood filmmaker and producer, , has opened up about the financial pressure rising diesel prices are placing on his business operations, revealing that he spends millions of naira on fuel to keep things running.
Speaking during a recent interview, the award-winning filmmaker expressed frustration over the cost of diesel, which he said has climbed to about ₦1,500 per litre.
According to him, the sharp increase has made it extremely difficult to maintain operations at his creative hub, .
Afolayan disclosed that despite investing in solar power to reduce energy costs, his company still spends around ₦11 million on diesel within four to five weeks.
He explained that the amount is becoming increasingly unsustainable for the business.
“I’ve been sad because I can’t cope with the ₦1,500 per litre of diesel,” he said. “In one of the businesses that we run, the KAP Village, we spend about ₦11 million in four or five weeks on diesel. And we have solar power, but we’re still spending about ₦11 million.”
The filmmaker further revealed that the financial burden has forced his team to rely on buying diesel on credit, with payments sometimes stretching over months before they are able to purchase more fuel.
According to him, the situation has become more complicated due to the continuous increase in diesel prices. Afolayan said that the business previously managed when diesel was around ₦1,000 or ₦995 per litre, but the jump to ₦1,500 has made operations far more challenging.
“The diesel we’ve been buying, we’ve been buying on credit,” he explained.
“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.”
He added that the rising cost of energy has slowed down some of the expansion plans for his creative facilities and production work.
As a result, he is now considering taking a loan in order to expand his solar energy infrastructure and reduce the reliance on diesel.
Afolayan also used the opportunity to appeal to the public and potential investors who may be interested in supporting his vision for the film village and its creative projects.
“If you can come to our aid, I’ll really appreciate,” he said, calling on individuals and organizations willing to partner with him to help sustain the facility.
For creative hubs like Afolayan’s film village, which hosts film productions, tourism activities, and training programmes for young creatives, stable electricity is crucial to daily operations.
Industry observers say the situation highlights the urgent need for more affordable and sustainable energy options for businesses in Nigeria’s creative and entertainment sectors.
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