Private firms have invested $16 billion (about N5 trillion) in meter manufacturing, Acting President Yemi Osinbajo has said. Hailing the investors for the gesture, he said the investments would trigger economic growth.
He spoke at the inauguration of the Meter Box and other Plastics Factory of Mojec International Limited. The government, he said, was doing everything possible to improve the ease of doing business.
Osinbajo said the nation has huge metering deficit. According to him, one of the ways to solve the problem is to patronise local manufacturers, such as Mojec and other locally-produced meters.