Minister of Power, Adebayo Adelabu, on Wednesday officially inaugurated Hexing Livoltek, a cutting-edge electricity meter manufacturing company, located in the Lekki area of Lagos State.
According to The PUNCH, this establishment signifies a crucial advancement in Nigeria’s electricity sector, which has long been dependent on imported components.
Hexing Livoltek is not just limited to producing prepaid meters; the company also manufactures a range of other electrical installations and solar products, showcasing its commitment to comprehensive energy solutions.
During the unveiling ceremony, Adelabu praised Hexing for its substantial investment in Nigeria at a time when many businesses are opting to withdraw.
He emphasized the significance of this launch as a major milestone in the sector’s evolution towards enhanced efficiency and equity.
“Let me mention that the event of today is quite significant and important to me given a determined focus on developing and improving local content in the power sector, for the sustainability of the sector and job creation for our teeming population, which is why I have to cut short my short vacation to ensure I’m able to attend the event here today,” Adelabu stated, highlighting the personal importance of the occasion.
The minister articulated that the establishment of the meter factory is a pivotal step in the ongoing efforts to prioritize local production, foster job creation, and diminish Nigeria’s reliance on imports.
He pointed out that this move would alleviate pressure on the naira, which has been experiencing fluctuations impacting the cost of living for citizens.
“We know what it involves to keep relying on imports for the components used in our power sector infrastructure, from generation to transmission to distribution. We keep importing power transformers, we keep importing power cables. We are importing meters,” he explained, underlining the negative consequences of this dependency on foreign goods.
Adelabu remarked that the continuous reliance on imports complicates the restoration of the nation’s aging infrastructure.
“It elongates the turnaround timing to fix our dilapidated infrastructure,” he said, outlining the challenges faced when sourcing essential components from abroad.
He believes that sourcing these materials locally will significantly expedite infrastructure repairs and help fill the existing gaps in the power sector.
In his address, the minister encouraged Hexing to embrace local content by integrating more Nigerians into its workforce, thus enhancing employment opportunities in the sector.
The Chief Executive Officer of Hexing Group, Robert Liang, expressed enthusiasm about the company’s new venture in Nigeria, characterizing it as a significant turning point for Hexing and a commitment to promoting clean energy across the country.
“This is a proud moment for the Hexing Group as we open our branch in Nigeria. It’s more than just an office; it’s a step towards a future where clean energy drives the growth of this great nation,” Liang stated.
He stressed Hexing’s three decades of expertise in smart energy systems, solar technology, and digital infrastructure.
“Now, the company is bringing that wealth of experience to Nigeria to meet the nation’s energy needs and unlock its vast potential. With its dynamic economy and growing population, Nigeria is poised for an energy revolution. Reliable and sustainable energy is critical, and Hexing is here as a partner—not just a vendor—to support this transition,” he asserted.
Liang concluded by emphasizing Hexing’s strategy of innovation, localization, and partnership, which is focused on delivering tailored solutions that cater specifically to Nigeria’s energy landscape.
This initiative is expected to foster a more sustainable future and facilitate Nigeria’s transition towards energy independence.
