Economy

NASENI to Begin Local Production of Transformers

  • NASENI to Begin Local Production of Transformers

The National Agency for Science and Engineering Infrastructure says its plan to begin the local manufacturing of transformers has reached advanced stages.

The Executive Vice Chairman of NASENI, Prof. Mohammed Haruna, said this in Abuja on Wednesday at an orientation programme for 60 engineers and technicians that had been selected to travel to China to acquire the requisite skills for the manufacturing exercise.

Haruna said the 60 engineers upon return from China would form the nucleus of the Power Equipment and Electrical Machinery Development Institute, which NASENI established in Okene, Kogi State.

The NASENI boss said that the agency was partnering with the Great Wall Industry Corporation of China whose facilities and human resources would be deployed for the training programme that will last for different durations ranging from four and six months.

Upon return to Nigeria, Haruna said, the trainees would be involved in the installation of equipment at PEEMADI, Okene where the manufacturing plant would be installed.

Haruna said, “We are going to learn the modern way of using computer aided designing and manufacturing. It is not just China that supplies transformers to Nigeria; transformers used in Nigeria come from all countries so we don’t have national standard.

“If we learn the processes of design and production, we won’t continue producing their own models; we will design and produce our own Nigerian standard and models.

“The other component of this training is high voltage testing technology. There is no successful power industry without high voltage testing laboratory. Currently, for a lot of faults happening in our power system, samples are taken abroad for analysis.

“Now, this facility will be used to help the power industry and the independent power producers to ascertain their situation without having to pay heavily for testing and certification abroad. Already, the Standard Organisation of Nigeria come to us for certain services because of our competence and laboratory facilities.”

Speaking at the programme, Permanent Secretary, Ministry of Science and Technology, Mr Bitrus Nabasu, said that the local manufacture of the power equipment would reduce the level of capital flight in the country.

Nabasu said, “The intention of the Federal Government is clear. We have been talking of local content and once we don’t produce ourselves, we keep on importing. This depletes our foreign reserve.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Federal High Court Grants Motion to Arrest Crude Oil Cargo in $1.6 Million Dispute

Justice Adamu Turaki Mohammed of the Federal High Court, Port Harcourt, Rivers State, has ordered…

19 minutes ago

100,000 POS Operators Register Businesses Under CAC Formalisation Project

The Corporate Affairs Commission (CAC) has announced that 100,000 Point of Sale (POS) operators have…

34 minutes ago

Nigerian Telecom Costs to Rise by 50% as NCC Implements New Tariff Adjustment

The Nigerian Communications Commission (NCC) has approved a new 50% increase in the cost of…

48 minutes ago

Dollar to Naira Black Market Exchange Rate Today, January 21, 2025

The exchange rate between the dollar and naira is a critical subject for Nigerians, especially…

5 hours ago

Pound to Naira Black Market Exchange Rate Today, January 21, 2025

The exchange rate between the British pound sterling (GBP) and the Nigerian naira (NGN) remains…

5 hours ago

Electronic Money Transfer Levy Revenue Surges by 107% to N31.2 Billion in December

Revenue generated from the Electronic Money Transfer Levy (EMTL) rose by 107% to N31.2 billion…

10 hours ago