Government commends Mojec’s meter box project, plastic factory
The firm aims to address the shortfall in meter accessibility by end users in Nigeria.
The Vice President, Federal Republic of Nigeria, Prof. Yemi Osinbajo, paid a visit to the factory during an inauguration at the company premises in Lagos last weekend.
Speaking shortly after the commissioning, Osinbajo described the facility as a big achievement and milestone that would not only boost local capacity but also create thousands of jobs for Nigerians.
He said: “Let me congratulate the management and staff of Mojec International Limited for their desire and dedication to this project.
It gladdens my heart that all our efforts in engaging the private sector is materialising and this is really indicative of real progress and quantum leap for the Nigerian economy.”
While expressing optimism on the determination of government to achieve its target in the area of power generation, he noted that the facility was a huge step forward for the development of the power sector noting that it would help significantly in addressing the six million energy meter deficit.
Osinbajo who was encouraged that the company was 100 per cent indigenously owned, promised that government would continue to provide the enabling environment for local manufacturers to thrive noting that works were in progress to introduce cheap financing model that would enable them produce meters that meet demand.
“It is very obvious that Nigerian talent and creativity has proved time and time they can compete with the best anywhere in the world.
Here in Mojec, it is very obvious. Practically, every one you see from the factory down to the reception, they are all Nigerians.
It shows that we are at the forefront of innovation, manufacturing and human capital development,” he said.
Earlier, the Managing Director, Mojec International, Chantelle Abdul, commended the Vice President for his commitment to promoting local content and expressed the company’s desire to work closely with Federal Government to find lasting solutions to the problem of steady power supply in Nigeria.
She stated that the current facilities and factory on ground were capable of producing meters from start to finish.
“This factory has provided enough proof that local companies can produce meters that can meet global standard which could consequently help in reversing government policy on local meter manufacturing,” she added.
She appealed to the Federal Government to assist local manufacturers by formulating policies that would encourage cheap financing which could go a long way to making meter accessible to the people.
No comments yet