Sunday, February 28African Business News
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Meter manufacturers urge review of import levies as patronage drops

Meter manufacturers urge review of import levies as patronage drops

Business
The Electricity Meter Manufacturers Association of Nigeria (EMMAN), has appealed to the Federal Government to review its decision on one-year deferment of the 35 per cent import levy on electricity meters in order to promote local content in the manufacturing of pre-paid meters. The Association said the directive to defer 35 per cent import duty on pre-paid meters was an incentive for mass importation of the meters against scaling production capacity of made in Nigeria. It said local manufacturers were not being patronised by off-takers in the downstream of the power sector value chain, because they are not prepared to cut corners. EMMAN said the presidential approval of tax deferment on importation of three million finished electricity meters would have negative effects on th...