Meter manufacturers demand right environment from govt

Meter Manufacturers Association of Nigeria (MMAN) has advised the Federal Government to put in place a conducive environment for the growth of the sub-sector, its Executive Secretary, Mr Muhideen Ibrahim, has said.

 

Ibrahim said the sector was battling  obsolete equipment, adding that many customers still used old meters.

 

He told The Nation on telephone that many countries were replacing analog meters with either prepaid or smart meters, adding that Nigeria cannot be an exception.

 

He said the indigenous manufacturers could produce sophisticated meter, if given the right environment.

He urged the government to provide power, make funds accessibility easier, reduce import cost, through stabilising the country’s foreign exchange market, giving single-digit interest loans, among others.

 

He said when these were provided, indigenous operators would be able to improve their profits and do better in the sector.

 

He said activities in the meter manufacturing sub-sector could be deepened, when the stake-holders, including the Federal Government play their part well.

 

According to him, efforts should be geared towards patronage of locally produced meters and other power components if the government wants to improve indigenous manufacturing and further move the economy forward.

 

He said indigenous meter manufacturers would be able to create more jobs and grow the economy, when their products are patronised.

 

Also, the Meter Manufacturing Company Limited (MEMCOL) Chairman, Mr. Kola Balogun, advised the government to implement the various policies in the sector, adding that the idea would help in improving the operators’performance.

The Minister of Power, Works and Housing, Babatunde Fashola, had unfolded plans by the government to improve meter supply by bringing more players into the sub-sector.

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