The Electricity Meter Manufacturers Association of Nigeria (EMMAN) has commended the Nigerian Electricity Regulatory Commission (NERC) for enacting a law that would encourage local players in the power sector, VON reports.
The Executive Secretary of the association, Mr Muyideen Ibrahim, in a statement in Lagos said the local content law would not only protect the indigenous players in the evolving Nigerian power sector but also impact positively on the economy by raising the Gross Domestic Product (GDP).
It said that it would also provide employment and business opportunities for Nigerians.
It added that the local meter manufacturers had the production capacity to bridge the wide electricity metering gap in the sector.
The can also supply world class meters to neighbouring West African countries and Africa at large, it said.
“On behalf of the Electricity Meters Manufacturers Association of Nigeria (EMMAN), I will like to commend the Dr Sam
Amadi-led Nigerian Electricity Regulatory Commission (NERC) for the bold step in the right direction,” it noted.
Ibrahim pledged the association’s unalloyed support and commitment to the Nigerian power sector reform.
It said that the reform would encourage foreign companies who import electricity meter into Nigeria to come and set up manufacturing plants which would boost the economy and improve capacity of Nigerians.
“We are particularly proud of Amadi for having the political will to make the commitment which will go down in the history of this country.
“It will re-position the power sector which is very critical to the country’s economy,” it said.
The statement urged electricity distribution companies (Discos) to embrace the local content law in the power sector by patronising the local meter manufacturers.
It assured Nigerians that member companies were capable of delivering world class metering solutions and allied products that could compete favourably with any product in the world.