FG signs MOU for mass production of electricity meter

The Federal Government through the Central Bank of Nigeria, (CBN) has signed a Memorandum of Understanding, MoU with two local meter-manufacturing companies for credit in order to begin mass production of electricity meter.

The Guardian also reports that the Federal Government is working to ensure that fertilizer is sold for N5,000 in 2017

Speaking at a special town hall meeting for youths in Abuja, Minister of Power, Works and Housing, Mr. Babatunde Fashola, observed that local manufacturing would help save capital flight and ensure that most homes in Nigeria are metered.

Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said that Nigeria would save $22 billion annually if the farmers could produce the same agricultural produce that are imported, The Guardian reports.

Source: The Guardian