Meter Manufacturers Ask to Review Levies on Imported Finished Electricity Meters
Following President Muhammadu Buhari’s approval of one-year deferment of the 35 percent import levy on electricity meters to help improve Nigeria’s electricity meter deficit, the Electricity Meter Manufacturers Association of Nigeria (EMMAN) has asked the Federal Government to review its decision to promote full local content in the manufacturing of pre-paid meters.
The association says the directive to defer 35 percent import duties on importation of pre-paid meters is an incentive for the mass importation of pre-paid meters as against upscaling of production capacity of made in Nigeria.
According to Muyideen Ibrahim, secretary of the association he said the local manufacturers are not been patronised by Off-takers at the downstream of the power sector value chain because they are not prepared to cut corners.
Also a member of the association Kola Balogun, chairman of Momas Electricity Meters Manufacturing Limited and also a member of the Original Equipment Manufacturer (OEM) in the downstream of the power...for further reading, click on https://businessday.ng/energy/article/meter-manufacturers-ask-to-review-levies-on-imported-finished-electricity-meters/
Source: BusinessDay Newspaper Sept 3, 2020.