The Electricity Meter Manufacturers Association of Nigeria (EMMAN) on Sunday urged the Federal Government to liberalise the meter market in order to make the product available to consumers
Muyideen Ibrahim, the EMMAN Executive Secretary, said that liberalising the meters market would boost the market, increase production and curb high electricity billing. Ibrahim said local meter manufacturers should be allowed to sell directly to individuals and corporate organisations through vendors approved by the Nigerian Electricity Regulatory Commission (NERC).
Ibrahim said meter manufacturers may lose over N50 billion invested in the production of smart meters due to low patronage from DISCOs and lack of credit from banks. He also said that lack of access to foreign exchange was preventing meter manufacturers from importing essential raw materials needed for production. He urged federal government to create a window for forex for smart meter manufacturers, as was done in the oil and gas, aviation and real estate sectors.