{"id":23650,"date":"2024-03-24T09:02:39","date_gmt":"2024-03-24T09:02:39","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/n40bn-metre-contract-adelabu-woos-local-manufacturers-after-controversy\/"},"modified":"2024-03-24T09:02:39","modified_gmt":"2024-03-24T09:02:39","slug":"n40bn-metre-contract-adelabu-woos-local-manufacturers-after-controversy","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/n40bn-metre-contract-adelabu-woos-local-manufacturers-after-controversy\/","title":{"rendered":"N40bn metre contract: Adelabu woos local manufacturers after controversy"},"content":{"rendered":"<div>\n<p>Amid 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<p>The Minister made this known during a recent working visit to MEMMCOL, a local electricity metre manufacturer in Mowe, Ogun State.<\/p>\n<p>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<p>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<p>He stressed the need to support local producers by ensuring they access affordable financing and long-term capital.<\/p>\n<p>\u201cWe will also prioritise patronage, ensuring sustainability in their operations, aligning with President Bola Tinubu\u2019s renewed agenda.<\/p>\n<p>\u201cIt is a must to have significant local content in the power sector\u2019s projects and contracts,\u201d Adelabu explained.<\/p>\n<p>\u201cThat is the only way local producers can be sustained.<\/p>\n<p>\u201cBut, we need to start developing capacity in terms of investment infrastructure and also ensure mass production.<\/p>\n<p>\u201cNeed to develop local capacity to avoid importation.<\/p>\n<p>\u201cWe must have a comprehensive plan for full backward integration so that the locally manufactured products will be achieved.<\/p>\n<p>\u201cWe need to start training our people in technical training,\u201d Adelabu said.<\/p>\n<p>N40bn metre contract: Adelabu woos local manufacturers after controversy<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid the controversy surrounding the award of a N40 billion metre contract to a foreign firm, the Minister of Power,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":23651,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5954,4161,15],"tags":[2320,519,180],"class_list":["post-23650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adelabu","category-business","category-news","tag-adelabu","tag-business","tag-news"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/23650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=23650"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/23650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/23651"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=23650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=23650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=23650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}