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Metering policy implementation’ll save Nigeria N755billion monthly – Aganga

By on April 23, 2013

The implementation of accurate metering policy by the Weights and Measures Department of the Ministry of Industry, Trade and Investment will save the country about N755bn monthly.

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, stated this on Monday in Abuja during the inauguration of the legal metrology web portal.

He explained that the effective implementation of legal metrology would ensure proper inspection, verification and certification of meters and billing systems for electricity, water, hydrocarbon and telecommunications.

Inaccurate measuring system in the country, he said, was currently making Nigeria to lose N755.72bn monthly.

The minister said it was the need to ensure accurate metering and measurement across all the sectors of the economy that prompted President Goodluck Jonathan to re-invigorate the Weights and Measures Department under his ministry to work with stakeholders to tackle the problem.

He said following Jonathan’s directive, the department had been repositioned to effectively supervise and monitor weighing and measuring devices used in trade transactions in all sectors of the Nigerian economy.