As part of the activities marking the 30th anniversary of Akwa Ibom State. The vice president Yemi Osinbajo commissioned an Electric Metering factory in Onna local government area of Akwa Ibom. He commended the Akwa Ibom governor for establishing the metering factory, saying that the Federal Government was looking forward to other several factories across the country.
The vice president said that Nigeria’s economic development hinged on an effective power supply, lamenting that Distribution Companies (DISCOs) had not been able to collect tariffs because of non-availability of meters.
“The electric metering factory is an important project. Inadequate power is the major obstacle to full economic development in Nigeria.
“We have also identified the facts that DISCO is unable to collect tariffs effectively from consumers because we are unable to afford the cost of metering.
“I think that there is an important policy innovation as there is no restriction on those who can actually produce meter for our consumers,”
In his speech, the Akwa Ibom governor, Mr Udom Emmanuel, said that his administration was partnering with private sectors to put the state on the path of industrialization. Emmanuel said that the factory would manufacture an average of one million meters per year and thanked the investors for their confidence in the state.
The essence of this industry is to ensure power for all. Once you can buy recharge cards, you can have electricity, it is available for all.