I spend N11m on fuel – Kunle Afolayan laments

Nollywood director and entrepreneur Kunle Afolayan has opened up about the heavy financial strain his businesses are facing due to soaring diesel costs, revealing that his operations now spend as much as N11 million on fuel every four to five weeks—a burden he called unsustainable

In a video shared on his Instagram page on Tuesday, Afolayan, owner of KAP Film Village and Resort, explained that even with solar power installed at both facilities, the high cost of diesel continues to weigh heavily on his enterprises.

“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 said.

The filmmaker revealed that his businesses often buy diesel on credit, with repayments stretching over months before they can secure more fuel.

“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,” he added, noting that he now needs a loan to expand his solar infrastructure.

Afolayan appealed to the public and potential investors for assistance, saying, “If you can come to our aid, I’ll really appreciate.”

His plea comes amid persistent fuel price increases that have placed significant pressure on businesses across Nigeria.