Experts have identified predictive maintenance, asset management, reliable electricity, clean energy technologies, and smart manufacturing as critical pillars for building competitive industries in Nigeria and across Africa can build competitive industries in the decades ahead.
Speaking at the inaugural Reliability Africa International Exhibition, Conference, and Workshop in Lagos, Saheed Kareem, an engineering professional at NestleNigeria Plc, said industries can lower production costs and improve competitiveness by adopting energy efficient technologies.
“The more we are able to produce equipment or our processes with less energy consumption the better for us because it will finally aid our cost of production,” Kareem said.
He explained that technologies such as predictive maintenance, industrial sensors and real time monitoring systems help manufacturers reduce downtime, improve productivity and make faster decisions based on accurate data.
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