Wednesday, April 24, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Revenue generation: We’ve received orders to supply lab equipment to Uganda, says FG

Revenue generation: We’ve received orders to supply lab equipment to Uganda, says FG
January 06
21:38 2023

Mohammed Haruna, executive vice-chairman of the National Agency for Science and Engineering Infrastructure (NASENI), says the agency is set to supply laboratory equipment to schools in Uganda.

Haruna said this on Friday while addressing state house correspondents after a meeting with President Muhammadu Buhari.

The NASENI executive vice-chairman said he spoke to the president on the activities of the agency, adding that the manufacturing of science kits and other such ventures have been generating revenue for Nigeria.

“Yes, we are generating revenue. Our solar manufacturing plant is a limited liability company of the government. That is revenue for the government,” he said.

Advertisement

“Other activities are the production of laboratory equipment for secondary schools and tertiary institutions.

“Just yesterday, we received orders from Uganda. They want a supply of this laboratory equipment from us. That is a revenue source for the government.

“Cameroon and Cote d’Ivoire are also patronising these products. Payment for this goes directly into the consolidated revenue account. So, those are some of our revenue-generating activities.”

Advertisement

He also said the agency is working to establish a world-class transformer production plant in Nigeria in collaboration with China Great Wall Industry Corporation (CGWIC).

The agreement on the transformer had been announced in 2020.

The NASENI boss said the establishment of the plant in the country was delayed by the COVID pandemic, adding that the president “is anxious to see the output of this product, its impact on the availability of power, because our power supply will never be stable until we produce some components locally, including transformers”.

Advertisement

He said the federal government will complete payment of the 15 percent counterpart funding of the China Great Wall Corporation by the second quarter of 2023.

Haruna also said the plant, when established, would produce between 6.5 and 10 megawatts transformers of all sizes with different capacities to meet local demands.

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.