The speed limiting device being manufactured
in Nigeria is better and cheaper than the
imported ones, Minister of Science and
Technology, Ogbonnaya Onu, has said.
Onu, who spoke with the correspondent of the
News Agency of Nigeria in New York, said
made-in-Nigeria device was a research product
where Nigerians in Diaspora could make
legitimate money.
Onu: ANPP leader
The Federal Road Safety Commission, FRSC,
began the enforcement of the installation of
the device in commercial vehicles in February.
He said: “Our Road Safety Commission has
mandated all our commercial vehicles to
deploy speed limiting device and we import
this; each one costs an average of N40,000.
So, for just one million vehicles, we are looking
at N40 billion, that’s the business.
“But ultimately, this enforcement will go round.
So, if you have 10 million to 20 million vehicles,
you can imagine looking at almost N800 billion
businesses.
“One of our agencies, Sheda Science and
Technology Complex, SHESTCO, brought the
device to me; it is better than the best that is
being brought into the country. And I still
asked them to go and work and get it to be
cheaper and better.”
in Nigeria is better and cheaper than the
imported ones, Minister of Science and
Technology, Ogbonnaya Onu, has said.
Onu, who spoke with the correspondent of the
News Agency of Nigeria in New York, said
made-in-Nigeria device was a research product
where Nigerians in Diaspora could make
legitimate money.
Onu: ANPP leader
The Federal Road Safety Commission, FRSC,
began the enforcement of the installation of
the device in commercial vehicles in February.
He said: “Our Road Safety Commission has
mandated all our commercial vehicles to
deploy speed limiting device and we import
this; each one costs an average of N40,000.
So, for just one million vehicles, we are looking
at N40 billion, that’s the business.
“But ultimately, this enforcement will go round.
So, if you have 10 million to 20 million vehicles,
you can imagine looking at almost N800 billion
businesses.
“One of our agencies, Sheda Science and
Technology Complex, SHESTCO, brought the
device to me; it is better than the best that is
being brought into the country. And I still
asked them to go and work and get it to be
cheaper and better.”
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