In a bid to ensure that all Nigerians only pay for the electricity which they consume, the Minister for Power Engineer Saleh Mamman visited the MEMMCOL meter manufacturing facility in Lagos over the weekend.
MEMMCOL is an indigenous company with the capacity to produce 1000 meters daily and also has the capacity to exceed such production if given the necessary support and patronage.
While speaking during the visit, the minister invited other investors to be a part of the ministry’s metering project.
“I want to make it clear that there is enough room for other investors to partake in the metering project, including the importation of standardized meters at reasonable price for sale to Nigerians”, Engineer Mamman said.
The Minister who replaced Babatunde Fashola as Minister of Power, reiterated his commitment to reform and develop the power sector before the end of his tenure in office.
The Power Ministry holds a lot of political implications as the country has failed for decades to adequately supply electricity to its estimated population of 200 million people.
While the Buhari-led government has identified improving power supply as a key to improving economic growth, growth in the power industry has been sluggish with many parts of the country still deprived.