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\n

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

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":"

Amid the controversy surrounding the award of a N40 billion metre contract to a foreign firm, the Minister of Power,…<\/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"],"yoast_head":"\nN40bn metre contract: Adelabu woos local manufacturers after controversy - Niger Delta News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerdeltanews.ng\/n40bn-metre-contract-adelabu-woos-local-manufacturers-after-controversy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N40bn metre contract: Adelabu woos local manufacturers after controversy - 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