Adebayo Visits Ibadan Meter Manufacturing Factory.

Chairman and Managing Director of Protogy Global Services, Ademola Agoro, has the Minister of Power, Chief Adebayo Adelabu, in his metre manufacturing factory in Ibadan, the Oyo State capital.

Agoro, who took the Minister and his entourage on a tour of various sections of the factory, noting that, the company currently runs on about 1.2 million units of metre production capacity per year. He said, the minister’s visit was timely and encouraging as it signals potential collaborations to enhance the company’s production capacity, adding that, all metres, including single, double, and 3-phased metres, as well as maximum demand metres, feeder metres, and distribution transformer metres produced at Protogy Global Services, are smart metres that can be controlled remotely by consumers.

He expressed delight at the Minister’s visit, which he said, was entirely on a fact-finding mission, adding that local metre manufacturers in the country would be encouraged by the deepened synergy and collaborations occasioned by such a visit, as he hopes his company gets patronage from the federal government of Nigeria.

Speaking on the ease of doing business in Nigeria and the challenges faced by local metre manufacturers, Agoro highlighted two key challenges: the foreign exchange rate, which is due to the importation of electronic components for the metres, and the high cost of diesel to power the factory for production, which adds up to production costs.

The Minister, who expressed satisfaction at what he saw at the factory in terms of quality, standard, and sophistication, said patronizing local metre manufacturers in Nigeria would ease the pressure on local currency, adding that, the topmost of all the support is the patronage by the government to ensure that all their productions are not just sitting in their various warehouses as stocks.