$500m World Bank Loan: Meter Manufacturers Move To Stop TCN

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Local meter manufacturers in Nigeria have taken legal action to stop the procurement process by the Transmission Company of Nigeria (TCN) over the $500

The Association of Meter Manufacturers of Nigeria has requested that the minister encourage local manufacturing to reduce importation and build sustainable local manufacturing capacity to create employment.

In a letter of protest and reminder to the Minister of Finance and Coordinating Minister of Economy Chief Olawale Edun, the Association of Meter Manufacturers of Nigeria , the group reminded the Minister that even as there is a subsisting court order to the bid opening slated for Thursday October 13, 2023 the TCN insists on violating the procurement process.

The Association of Meter Manufacturer of Nigeria is the umbrella body of Local Meter Manufacturers and Assemblers with the sole objective of full domestication of all meter supply chain and currently boast a significant Local capacity in the manufacturing of key parts and assembly of all CKD/SKD components of smart meters spread across the Federation.

The inclusion of the overly punitive criteria according to AMMON is completely unrealistic, untenable considering that TCN is a Market participant and fully aware of the lingering liquidity and meter market activity”. The meeting resolved that, an inter-agency team should conduct a field inspection of the existing facilities of AMMON to ascertain actual capacity and status of readiness of local entities and to provide factual basis to enable FMF propose credible and realistic recommendation for a mutual resolution of the matter. Therefore, TCN agreed to issue a notice of suspension of the bid process while AMMON accepted to halt or withdraw the court proceedings.

 

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