The filmmaker made the disclosure in a video shared on his Instagram page, where he described the financial pressure of powering his facilities despite having invested in alternative energy sources.
Afolayan, who owns the KAP Film Village and Resort, said the current cost of diesel has become increasingly difficult to sustain, especially as fuel prices continue to climb.
“I’ve been sad because I can’t cope with the ₦1,500 per litre of diesel,” he said in the video. “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.”
Businesses relying on diesel credit
The filmmaker further explained that the situation has forced his businesses to purchase diesel on credit, sometimes taking months to settle payments before obtaining more fuel.
According to him, the financial strain has intensified following the recent surge in diesel prices, which rose from about ₦1,000 per litre to around ₦1,500.
“The diesel we’ve been buying, we’ve been buying on credit,” he said. “When we make small money, we find a way to pay. Sometimes it takes two months to even pay it down and then get another one on credit.”
He added that the rising price has made it increasingly difficult to maintain the same level of operations.
Call for support to expand solar power
Afolayan noted that although his business has already adopted solar power as an alternative energy source, the current system is not sufficient to significantly reduce diesel consumption.
To address the problem, he said he is seeking financial support to expand the solar infrastructure powering the resort and other business operations.
“If you can come to our aid, I’ll really appreciate,” he said, appealing for assistance that would allow him to upgrade the facility’s solar capacity.
Rising fuel prices
The filmmaker’s concerns come amid continued increases in diesel prices in Nigeria’s energy market. Recently, the Dangote Petroleum Refinery reportedly adjusted the price of diesel to about ₦1,620 per litre, further raising operational costs for businesses that depend heavily on generators due to unreliable power supply.
For many businesses across the country, especially those in hospitality and entertainment, diesel remains a primary source of electricity, making the rising cost a significant challenge to sustainability and growth.