The Federal Government says it has plans to patronise local meter manufacturers, to boost local content development and fostering growth in the industrial sector.
Minister of Power, Adebayo Adelabu, in a statement said the Bola Tinubu administration will introduce legislations mandating local content in the power sector, just like the oil and gas industry, for full backwards integration and technical training.
The minister assured support for local manufacturers investing in domestic production during a working visit to Momas Electricity Meters Manufacturing Company Ltd. (MEMMCOL), Mowe, Ogun State.
He further outlined the Presidential Metering Initiatives’ target of installing two million to 2.5 million meters annually over the next five years, to address significant metering gaps.
