”All what we need to import is the electronic boards of the prepaid meters. All other components can be sourced in Nigeria. The internal wires and cables are available from kabelmetal and Nigerchin at better quality.
”Now the Chinese company will use this opportunity to employ more Chinese, expand production lines to fulfil the order of 1.4 million prepaid meters, at the expense of rising unemployment in Nigeria.
”We are not even talking about the pressure and impact of this 1.4 million prepaid meter MoU on the Naira and foreign exchange reserves.
”I want to make clear that an MoU is not necessarily a legally binding document.
”There is room for Government to make a rethink and do the needful by putting the interest of Nigeria above the interest of China.
”What about funding research and mandating 2-3 select Universities to design electronic boards for pre paid meters.
”We have very young and smart electronic engineers roaming the streets of Nigeria that can design a functional prepaid meter.
”We have many Nigerians in Alaba Market, Aba, Owerri and Yaba that can deliver made in Nigeria prepaid meters with the right support.
”It is shameful that our President travelled to China to engage in transactional and mercantile container economics. It is a national shame!”, he said.
