Renowned Nollywood filmmaker and entrepreneur Kunle Afolayan has appealed for financial assistance following the sharp increase in diesel prices affecting his business operations.
In a trending video circulating on social media, the actor revealed that his film production facility, KAP Film Village and Resort, spends about ₦11 million monthly on diesel despite having solar power installed.
Afolayan explained that the rising cost of fuel has made it increasingly difficult to sustain operations at the facility.
“It’s not sustainable because even the diesel we have been buying was on credit and when we make small money we find a way to pay,” he said.
According to him, payments for the diesel sometimes take up to two months before the next purchase can be made, creating financial pressure for the business.
Appeal for financial support
The filmmaker disclosed that he is seeking financial assistance in the form of a loan to improve the facility’s solar energy system and reduce dependence on diesel.
“We need a loan to upgrade our solar power. So if you can come to our aid, I will really appreciate it,” he said.
Afolayan also lamented the rapid increase in diesel prices, which he said had worsened the situation.
“I have been sad because I can’t cope with the ₦1,500 per litre of diesel. I can’t even comprehend it,” he stated.
He added that the facility spends roughly ₦11 million every four to five weeks to keep operations running.
Impact of rising fuel prices
Diesel prices have risen significantly in recent months, affecting businesses across Nigeria that rely heavily on generators due to unstable electricity supply.
For production hubs like KAP Film Village, which hosts film shoots, events and tourism activities, energy costs represent a significant portion of operating expenses.
Afolayan’s appeal has since sparked conversations online about the growing cost of running businesses in Nigeria’s current economic climate.
