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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/nexusnew/nigerdeltanews.ng/wp-includes/functions.php on line 6114Amid the controversy surrounding the award of a N40 billion metre contract to a foreign firm, the Minister of Power, Adebayo Adelabu, has affirmed the federal Government\u2019s dedication to supporting local meter manufacturers.<\/p>\n
The Minister made this known during a recent working visit to MEMMCOL, a local electricity metre manufacturer in Mowe, Ogun State.<\/p>\n
Recall that the Minister came under fire over the N40 billion contract the federal Government awarded to De Haryor Global, ignoring indigenous local meter manufacturers.<\/p>\n
However, Adelabu assured local metre manufacturers of the government\u2019s resolve to boost indigenous content, stimulate the sectors\u2019 growth and close the metering gap.<\/p>\n
He stressed the need to support local producers by ensuring they access affordable financing and long-term capital.<\/p>\n
\u201cWe will also prioritise patronage, ensuring sustainability in their operations, aligning with President Bola Tinubu\u2019s renewed agenda.<\/p>\n
\u201cIt is a must to have significant local content in the power sector\u2019s projects and contracts,\u201d Adelabu explained.<\/p>\n
\u201cThat is the only way local producers can be sustained.<\/p>\n
\u201cBut, we need to start developing capacity in terms of investment infrastructure and also ensure mass production.<\/p>\n
\u201cNeed to develop local capacity to avoid importation.<\/p>\n
\u201cWe must have a comprehensive plan for full backward integration so that the locally manufactured products will be achieved.<\/p>\n
\u201cWe need to start training our people in technical training,\u201d Adelabu said.<\/p>\n
N40bn metre contract: Adelabu woos local manufacturers after controversy<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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