The Federal Government of Nigeria is set to commence the production of meters and other essential energy components following the unveiling of Hexing Livoltek, an electricity meter manufacturing company in the country.
The Minister of Power, Adebayo Adelabu, who unveiled the factory situated in Lekki on Wednesday said the factory reflects the ministry’s plans for local production of necessary components in the power sector.
Adelabu decried the heavy burden placed on the country due to the importation of components needed in the power sector and said this local company will not only help create jobs for Nigerians but also ensure the sustainability of these components.
He said, “Let me mention that the event of today is quite significant and important to me given a determined focus on developing and improving local content in the power sector, for the sustainability of the sector and job creation for our teeming population, which is why I have to cut short my short vacation to ensure I’m able to attend the event here today.”
“We know what it involves to keep relying on imports for the components used in our power sector infrastructure, from generation to transmission to distribution. We keep importing power transformers, we keep importing power cables. We are importing meters.
“It elongates the turnaround timing to fix our dilapidated infrastructure. The process of opening Form M, applying for FX allocation, doing the import itself in terms of freight, of clearing our imports. This is one of the reasons why we have experienced the kind of deplorable state of our infrastructure in the power sector. We believe that if a lot of these materials can be sourced locally, the timing required for fixing this infrastructure will greatly reduce and the gaps we currently experience will be filled.”
Meanwhile, the Chief Executive Officer of Hexing Group, Robert Liang, described the expansion of the factory to Nigeria as a significant step towards securing the growth of the nation.
He said the aim of establishing the factory in Nigeria is to meet the country’s energy needs.
He said, “This is a proud moment for the Hexing Group as we open our branch in Nigeria. It’s more than just an office; it’s a step towards a future where clean energy drives the growth of this great nation.”
“Now, the company is bringing that wealth of experience to Nigeria to meet the nation’s energy needs and unlock its vast potential. With its dynamic economy and growing population, Nigeria is poised for an energy revolution. Reliable and sustainable energy is critical, and Hexing is here as a partner—not just a vendor—to support this transition.”
