Business News

Shettima launches meter factory in Anambra, targets 1.4 million meter annual production  

Vice President Kashim Shettima has inaugurated an electric energy meter manufacturing factory in Anambra State, projected to produce 1.4 million meters yearly.  

Shettima unveiled the factory called  Advanced Energy Management Solutions on Thursday as a move to address the lingering power challenges in the country.  

Accordingly, the vice president said the move will help close the gap of meter shortage in the country, as well as drive economic development in the energy sector.  

He said,  

Also speaking at the inauguration is the Chief Executive Officer of the factory, Okechukwu Onyejiuwa, who said the factory has an annual production capacity of 1.4 million meters, intending to combat the power shortage in the country. 

He highlighted the establishment of the factory, emphasizing its role in supporting the government’s initiatives to resolve the country’s power supply issues, specifically targeting the high metering gap. 

Speaking further, the Onyejiuwa noted that the factory can provide about 4,000 employment opportunities in the state, employing indigenous from Anambra as well as outside the locale.  

In addition, he stressed the advantages of  local meter manufacturers with established capacities instead of outsourcing energy meter supply to foreign companies with import duty waivers. 

Other projects commissioned by the vice president included the official commissioning of Ijele 93.1FM and housing units donated for widows, among others.