News
Shettima Unveils Meter Manufacturing Factory
Vice President Kashim Shettima has inaugurated an electric energy meter manufacturing factory in Oraifite, Ekwusigo Local Government Area of Anambra State.
Speaking during the inauguration at the factory’s premises in Oraifite, Anambra State, yesterday, Shettima said the energy factory, called Advanced Energy Management Solutions, would help the Federal Government in it’s efforts at addressing the power challenges in the country.
The Vice President, who acknowledged the electric meter shortage in the country, said the factory would help reduce the metre shortage gap.
He said, “We commend this initiative as we commission the factory to the glory of God and the use of humanity. This will help reduce the shortage gap of prepaid meters in the country.
“We believe that the establishment of the factory will help resolve the power supply challenges facing the country by addressing the critical issue of very high metering gap among consumers.
“It is also a direct response to the call by the Federal Government for local and foreign investors to invest in Nigeria, create jobs and stimulate economic activities all around the country.”
In his address earlier, the Chief Executive Officer, Advanced Energy Management Solutions, Okechukwu Onyejiuwa, said the factory has the capacity to produce 1.4 million meters annually with a view to tackling the power shortage in the country.
He also noted that the factory was established to support the government’s efforts to resolve the power supply challenges facing the country by addressing the critical issue of the very high metering gap.
He said, “This factory has the capacity to produce 1.4 million meters annually. The establishment is to support government’s efforts to resolve the power supply challenges facing the country by addressing the critical issue of very high metering gap amongst consumers.
“This facility possesses the capability to produce Single Phase and Three Phase as well as Maximum Demand Meters. The manufacturing facility is equipped with advanced, cutting-edge equipment and machinery to manufacture a wide range of MD and non-MD smart energy meters, as well as feeder meters of accuracy class ranging from 0.2S to 1S in compliance with national and international standards.
“The factory is set to create about 500 direct jobs comprising majorly of engineers, technicians as well as finance and administration professionals. In addition to the direct jobs, we estimate that there will also be over 4,000 jobs created by the activities of this company.
“The operations of this factory will stimulate economic activities in the country especially given the high-tech nature of the skills required for the manufacturing process. It will also conserve scarce foreign exchange through reduction in the cost of imported raw materials, developing local raw materials sources and the potential for export to other countries within Africa and other parts of the world in the near future.”
Onyejiuwa explained that it is more beneficial to patronise local meter manufacturers with proven capacities rather than contracting supply of energy meter to foreign companies and granting them import duty waivers.
“Sourcing of foreign exchange to import machines, equipment and raw materials have been a herculean task in recent years. When manufacturers are left with no alternative than to source foreign exchange from the alternative market, the consequences are that the price of the finished product is impacted very negatively, and the capacity is constrained.
“The impact of steady power supply in a manufacturing outfit such as this cannot be over-emphasized. The high cost of diesel and the attendant inefficiency in generating our own power supply is certainly not sustainable, both for the company and for the nation.
“It is therefore pertinent that the government encourages investors and even makes further investments in the energy sector which holds the key to unlock huge potentials in other sectors of the economy.
“On a short trip to deliver our meters from this factory to Enugu for instance, one will encounter over 15 checkpoints and roadblocks comprising police, army, produce inspection, emblem checkers and so many government and quasi government organs who stop vehicles carrying goods indiscriminately to extort and collect taxes and levies prescribed by them and often not backed by law.
“There is certainly an urgent need to improve ease of doing business, harmonise revenue/tax collection and create a more conducive environment for businesses to thrive. Ultimately, the nation benefits from increased revenue from better performing production driven enterprises,” he added.
Other projects commissioned by the Vice President included the official commissioning of Ijele 93.1FM and housing units donated for widows, among others.
The ECOWAS Parliament has adopted a budget of 19,636,030 Units of Account (UA) (26 million dollars) for the 2026 fiscal year, and announced plans to commemorate its 25th anniversary in November.
The Speaker of the Parliament, Hadjia Memounatou Ibrahima, who announced this, said the development followed the recent conclusion of its 2025 Second Extraordinary Session in Port Harcourt, Nigeria.
She said the budget was adopted by the Parliament during plenary, stressing that, beyond being a mere accounting act, it was the engine of parliament’s commitment to West Africans.
”It will enable us to carry out our priority missions, including implementing the conclusions of the seminar on AI, while ensuring virtuous and transparent management of public funds entrusted to us.
”This budget represents a five per cent increase compared to the 2025 fiscal year budget, reflecting an upward adjustment of UA 939,233 from last year’s UA 18,996,897.
”Out of the budget of UA 19,636,030 for 2026, the sum of UA19, 368,394 representing 98.64 per cent is expected to be financed through the proceeds from the Community Levy, while UA257,636, equivalent to 1.36 per cent, will accrue from other sources,” Ibrahima said.
The News Agency of Nigeria (NAN) reports that the ECOWAS Community Levy is a mandatory 0.5 per cent tax imposed on goods imported into ECOWAS member states from non-ECOWAS countries.
Member states are under statutory obligation to pay the community levy, which is the main source of funding for ECOWAS institutions and their activities.
Ibrahima, however, expressed dismay that some members of the community were still defaulting on the payment of the levy, and warned that, going forward; such would be met with sanctions.
She also said that the commemoration of its 25th anniversary in November would highlight the ECOWAS Parliament’s achievements in deepening regional democracy, cooperation and growth, amid formidable challenges.
The Speaker described the forthcoming anniversary as “a chance to showcase resilience and chart a more innovative, youth-focused future for the community”.
The Governor of Rivers State, Sir Siminalayi Fubara, has begun the celebration of Nigeria’s 65th Independence anniversary with a Juma’at service where prayers were offered for the progress of the state and Nigeria.
Governor Fubara, who advocated for peace and unity of Nigeria during the prayers on Friday at the Rivers State Central Mosque, Port Harcourt, indicated that without peace, the accelerated development of Nigeria will remain in a limbo.
Governor Fubara, who was represented by Alhaji Abdurrazaq Diepriye, therefore urged citizens to remain patriotic.
According to him, “Allah has brought us this far. Without peace, we can not have progress and economic development. I call on all citizens irrespective of creed or tribe to remain patriotic.”
He thanked President Bola Tinubu for restoring peace in Rivers State while also using the forum to appreciate security agencies for their relentless effort in upholding the peace and unity of Rivers State and Nigeria.
The Chief Imam of Rivers State Central Mosque, Imam Ibrahim Yaloo, admonished Moslem faithful to always speak the truth, adding that those who obey Allah will be directed to good deeds and their sins forgiven.
Prayers were offered for Rivers State and Nigeria.
Other activities to mark the 65th Independence anniversary in the state include an Inter-denominational Church Thanksgiving Service on Sunday, 28th September and Parade Ceremony on Wednesday, 1st October.
Vice-President Kashim Shettima departed New York on Sunday after representing President Bola Tinubu at the 80th session of the United Nations General Assembly.
In a statement released on Sunday by the VP media aide, Stanley Nkwocha, the Vice President is now headed to Germany, where he will hold strategic meetings with officials of Deutsche Bank.
The statement read, “Vice President Kashim Shettima has departed New York, United States, after successfully representing President Bola Ahmed Tinubu, GCFR, at the 80th Session of the United Nations General Assembly.
“During his participation at UNGA 80, VP Shettima secured UN Secretary-General António Guterres’ commendation for Nigeria’s bid for a permanent UN Security Council seat.
“He also showcased Nigeria’s $200 billion energy transition opportunity to global investors and strengthened strategic partnerships with the UK on trade, defence, and migration issues.”
Nkwocha added that the VP delivered Tinubu’s national statement, calling for UN reforms and a permanent seat for Nigeria at the UN Security Council, and “demanded Africa’s control over its $700 billion mineral wealth, and digital inclusion initiatives.”
“He also engaged with the Gates Foundation on healthcare and education expansion, positioning Nigeria as the natural hub for the African Continental Free Trade Area’s $3.4 trillion market.
“VP Shettima was seen off at John F. Kennedy International Airport, New York, by cabinet Ministers who were part of the UNGA 80 delegation and Nigerian Mission officials.”
The aide noted that Shettima will return to Nigeria immediately after his engagements in Germany.
The Tide source recalls that the VP departed Abuja, yesterday.
He led other Nigerian officials at the Assembly.
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