Meter manufacturer lauds operation of agency in Enugu



Meter manufacturer lauds operation of agency in Enugu

By Chimezie Anaso The establishment of the Nigeria Electricity Services Agency (NEMSA) in Enugu will help control the proliferation of substandard electricity members in the southeast grid and surrounding areas.

Mr. Chiso Nwangwu, managing director of Sabrud Consortium Limited, an indigenous Awka-based meter manufacturing company, said this Thursday in an interview with reporters in Awka.

Nwangwu commended the federal government for decentralizing and expanding the regulatory scope of NEMSA.

He said the development would also reduce the amount of money spent moving products from the point of production to NEMSA offices in Port Harcourt or Lagos for supervision.

“I would like to thank the federal government which, through NEMSA, opened the regional office of Enugu, which accompanies the laboratory that tests meters in the region.

“This will improve the quality of meters sold in this area as well as reduce our overhead costs which are the result of the huge amount of money spent on product movement.

“They can now inspect, calibrate and lower any substandard meter in the Southeast faster because they are close to the people they serve,” Nwangwu said.

He said Sabrud meters were reliable with a test pass rate of around 99% and expressed hope that the regulator would encourage the company to sell the products in Southeast markets.

He called on the federal government to formulate and implement policies that would encourage more local content in the electricity industry, including sponsorship of meters made in Nigeria.

“As the South East’s leading meter manufacturer, we expect their coming (from NEMSA) to deepen the partnership between industry players here.

“We expect Sabrud to be cleared to sell meters here as part of efforts to close the metering gap in the region,” he said.

The boss of Sabrud, who said his company had an installed capacity of 600,000, explained that locally made meters were better regulated, more standardized and more reliable than their imported alternatives.

He expressed dismay at the continued deterioration of the manufacturing exchange rate, however, and argued that a concessional exchange rate regime for meter manufacturers would keep inflation under control.

According to him, we are satisfied with the efforts of the Central Bank of Nigeria (CBN) to clean up the foreign exchange market by checking the activities of the bureau de change operations.

“We would like apex bank to provide a special window for meter manufacturers to allow us to operate in a more sustainable manner,” he said.

Source: NAN

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