Meter Manufacturers Association of Nigeria (MMAN) has advised the Federal Government to put in place a conducive environment for the growth of the sub-sector, The Nation reports.
Its Executive Secretary, Mr Muhideen Ibrahim, said the sector was battling with obsolete equipment, adding that many customers still used old meters. He said the indigenous manufacturers could produce sophisticated meters, if they were given the right environment.
He urged the government to provide power, make funds accessibility easier, reduce import costs through stabilising the country’s foreign exchange market, giving single-digit interest loans, among others. He said when these were provided, indigenous operators would be able to improve their profits and do better in the sector.