CHINA, RUSSIA, IRAN WARSHIPS ARRIVE IN SOUTH AFRICA FOR MILITARY EXERCISES. (PHOTO).

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 China, Russia, Iran warships arrive in South Africa for military exercises Chinese, Russian and Iranian warships arrived in South African waters for a week of naval drills starting Friday off the coast of Cape Town. The Chinese-led drills were organized last year under the BRICS bloc of developing nations and South Africa's armed forces said they will bring members of the bloc together to practice maritime safety and anti-piracy operations and “deepen cooperation.” China, Russia and South Africa are longtime members of BRICS, while Iran joined the group in 2024. It was not immediately clear if other countries from the BRICS group — which also includes Brazil, India and the United Arab Emirates among others — would take part in the drills. A spokesperson for the South African armed forces said he wasn't yet able to confirm all the countries participating in the drills, which are due to run until next Friday. Chinese, Russian and Iranian ships have been seen moving into and out ...
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TCN SNUBS LOCAL MANUFACTURERS, AWARDS CHINESE FIRMS OVER N160BN CONTRACTS. (PHOTO).

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 TCN snubs local manufacturers, awards Chinese firms over N160bn contracts


Transmission Company of Nigeria has snubbed local manufacturers to award two Chinese firms electricity metre manufacturing contracts worth over N160 billion.

The president of the Association of Metre Manufacturers of Nigeria, Durosola Omogbenigun, disclosed this in a statement on Monday.

This comes as TCN, through a World Bank loan, contracted two Chinese companies to supply 1.25 million metres, worth over $100 million despite calls to patronise local manufacturers.

AMMON expressed concerns at the pace of the contracts’ execution by the Chinese companies, noting that only 75,000 metres out of 1.25 million have been delivered so far.

According to AMMON, despite the questionable contract execution performance in the first procurement by TCN, the agency has planned to embark on another World Bank procurement of 1.55 million metres from a foreign company.

AMMON reacting said, TCN ignoring local firms for foreign companies “will contribute in no small measure to killing local manufacturing.”

“Recently, TCN/PMU, the department in the Transmission Company of Nigeria, signed a contract with two Chinese companies to supply 1.25 million metres at the whopping cost of over 100 million USD using loans from the World Bank.

“Before the execution of this procurement process, we advised the FGN, then in the last administration, to allow local metre manufacturers to participate in this transaction, and we had cogent reasons, but we were denied the opportunity.

“Since the commencement of this transaction, only 75,000 metres out of 1.25 million metres have been delivered by these Chinese companies. Those metres are still uninstalled, defeating the aim of resolving the liquidity crisis, which we, AMMON, are doing daily with no incentive or assistance from any quarters apart from our belief in our nation.

“Despite the dismal failure of the first foreign procurement, TCN is going ahead with another World Bank procurement of 1.55 million metres, which will contribute in no small measure to killing local manufacturing,” it said.

According to the association, indigenous companies have 100 percent competence to deliver in electricity metre manufacturing.

AMMON said from 2021 to 2024, local metre manufacturers produced N353.7 billion worth of electricity metres.

“The contribution made by local metre manufacturers, especially from 2021 to 2024, was achieved at the cost of N353.7 billion (at today’s price for single- and three-phase metres and excluding the CBN-funded NMMP Project of 850,000 metres). This amount was financed by LMMA/MAPs locally,” it added.

AMMON urged the Nigerian government under President Bola Ahmed Tinubu’s administration to prioritise local manufacturers.

“Nigeria’s metering industry is a cornerstone of national development, and with the right policy support, it can graduate from early-stage manufacturing to full manufacturing, thereby positioning Nigeria as a regional export hub under AfCFTA.

“Mr. President, your leadership inspires confidence and renews hope in Nigeria’s industrial future. We pledge our full cooperation and continued dedication to the success of your administration’s Renewed Hope Agenda,” AMMON said.

Recall that Tinubu recently approved the implementation of the Nigeria First Policy and a ban on foreign goods.

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