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, 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.
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