Minister of Power, Works and Housing, Babatunde Raji Fashola,
yesterday, met with local manufacturers of electricity meters. The meeting was to re-focus attention on the need to rapidly roll-out meters in order to ensure that Distribution Companies, DISCOS, charge consumers only for the energy that they consume.
Fashola, who was joined by the Minister of State, Mustapha Baba Shehuri, challenged the local meter manufacturers to think outside the box through innovations, so as to reap bountifully in the fledging electricity industry.
He said the report submitted to the government showed that there are estimated three million unmetered customers nation-wide, hence government’s policy is to bridge this metering gap as quickly as possible with maximum impact on local manufacturing and harness employment potentials.
The forum deliberated on issues of concern to government and local manufacturers including the need for Distribution Companies to aggressively patronise locally manufactured meters.
On their concerns, representative of the group, Engr. Kola Balogun, noted that access to and cost of credit is a major impediment to the growth of their production capacity in meeting present and future demand for meters.
On their part, the local manufacturers assured the minister of their readiness to support the rapid roll-out of meters, but are disposed to government’s readiness to put in place clearer incentives for local production as opposed to the importation of meters.
The parties agreed to continuous engagement among actors such as government, local meter manufacturers, Distribution Companies, industry regulators and other stakeholders in line with government’s policy of rapid roll-out of meters, whilst promoting local manufacturing, employment generation
and technological development.

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