The Minister of Power, Works and Housing, Mr Babatunde Fashola on Thursday said the Federal Government had concluded plans to involve more Nigerians in meter manufacturing.
Fashola spoke while inspecting the National Meter Test Station in Oshodi, Lagos.
He said that the measure would reduce the pressure on Electricity Distribution Companies (DISCOs) on meter supply.
“The core business of DISCOs is to transport energy; their business is not to supply meters.
“The government will address metering more vigorously this year with regulations which will open up business in metering to more investors.
“This will reduce the pressure on DISCOs so that they can concentrate more on their core business.
“So, we will open up the business to other people who want to play in the sector once the meter regulations are completed this year,” he said.
Fashola said that Nigeria’s meter journey from 1950 showed that consumers depend on meters from foreign countries.
“We have seen Nigeria’s meter journey; the meters from 1950 to date, meters from Greece, Japan, Britain and China. This has shown that how our industry totally depends on meters from foreign countries.