FG signs MOU with local firms for mass production of electricity meters


The Federal Government through the Central Bank of Nigeria, (CBN) has signed a Memorandum of Understanding (MoU) with two local meter-manufacturing companies for credit to enable them commence mass production of electricity meters, The Guardian reports.

Speaking at a special town hall meeting for youths in Abuja, Minister of Power, Works and Housing, Mr. Babatunde Fashola, observed that local manufacturing would help save capital flight and ensure that most homes in Nigeria are metered.