Nollywood filmmaker Kunle Afolayan has expressed deep concern over the rising cost of diesel, revealing how the surge is placing serious pressure on his business operations in Lagos, Truth Live News International reports.
In a video posted on his Instagram page on Tuesday, the film producer spoke about the financial challenges facing his establishment, particularly the KAP Film Village and Resort, which he owns. According to him, the facility consumes a huge amount of diesel to maintain daily operations.
Afolayan disclosed that the resort spends roughly N11 million on diesel every four to five weeks, despite also having a solar power system installed.
“I have 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 Film 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 said.
The filmmaker explained that the situation has become so difficult that his team often relies on credit to purchase diesel, settling payments only after generating some revenue.
“The diesel we have been buying, we have been buying on credit. When we make small money, we find a way to pay,” he said.
“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.”
Faced with the growing operational costs, Afolayan appealed to individuals and investors for assistance in upgrading the resort’s solar power system to reduce dependence on diesel.
“we really need help to upgrade our solar system. If anyone can come through, I’d truly appreciate it”.
His comments come amid broader concerns about Nigeria’s rising energy costs, particularly following recent adjustments in petrol prices by the Dangote Petroleum Refinery.
Afolayan’s remarks also echo concerns raised by veteran Nollywood actor Pete Edochie, who recently spoke about the economic strain caused by the high cost of electricity and fuel.
Edochie lamented that he spends about N40,000 daily on electricity and fuel, describing the situation as troubling.
