“The World Bank has approved a loan of $155 million for the national mass metering program. The ongoing World Bank-funded NMMP Phase 2 seeks to promote foreign companies’ participation against competent and prequalified local meter manufacturers which will ultimately result in the loss of jobs and revenue.
“A deliberate policy to prioritize local manufacturing will catalyze job creation and economic growth. TCN on behalf of the World Bank closed the bidding advertisement on July 11, 2023, and further extended it to July 25, 2023, for the supply and installation of 1.2 million smart meters to the 11 distribution companies in Nigeria.”