 The association of meter manufacturers of Nigeria has said that the ongoing plans to empower foreign companies to import meters into Nigeria will cripple the investments of local manufacturers. The association set the criteria to partake in their $155 million world bank loan for metering favoured foreign companies instead of the local meter manufacturing industries. Addressing journalist Inapuja, the secretary of the association Mr. Drushola Omokweniku, said the world bank program is inimical to the meter manufacturing industries and the process that has been made in the local content policy. World bank project we believe is a mimical to the growth of the manufacturing sector is a mimical to the progress that has been made in the local content policy as stated in Executive Order 003 of 2017. And also it negates the gains that have been made in backward integration technology transfer. It is a loan being given by the world bank to Nigeria and a loan of $155 million for a bid of five lots for bids to be submitted locally and internationally. And what then surprised our members was when the conditions of the bid came out, it was clear that the bid, all the performance bonds, the evaluation criteria by way of cash flow, by way of turnover, by way of experience seem to be designed to eliminate the local companies. We also observed that the package was thought that the foreign companies were to bring in fully built meters. Remember, we manufacture and assemble meters here. We employ people, train them, build production, capacity training. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.