• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FG, MOJEC Partner To Close 8m Metering Gap

by Chika Izuora
1 year ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government is partnering with MOJEC Group to close the eight million metering gap in the country.

Advertisement

To this end, the minister of Power, Chief Adebayo Adelabu, presented new options being considered by the federal government to achieve its mass metering initiatives based on the timeline it has set for the initiative.

One of the considerations is to mop up available meters assembled in-country and incentivise indigenous meter manufacturers to enhance their plant capacities to meet demand structure of the Presidential Metering Initiative, PMI.

Adelabu said, President Bola Tinubu has instructed that Nigeria’s import dependency would be significantly minimised before it would eventually be ended.

The minister, who was on a working visit and inspection tour of Mojec Group, a major stakeholder in the power sector, said, in addition to repositioning the meter production sector, a new Bill to promote local content implementation in the power sector is being perfected for consideration by the National Assembly.

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

4 hours ago
Top Home Teams with Highest Win Rates: Who To Bet On

Top Home Teams with Highest Win Rates: Who To Bet On

8 hours ago

He said, importation of goods especially smart prepaid meters is inimical to national development, employment generation and economic growth and that 90 per cent of the current hardship in Nigeria was caused by the country’s import dependence.

The minister further said the Presidential Metering Initiative (PMI), is making move to embark on bulk procurement of smart meters, the development of indigenous Meter Data Management Systems (MDMS), and the reduction of Aggregated Technical and Commercial (ATC&C) losses to improve the efficiency and reliability of the energy infrastructure in Nigeria.

He said, though the Central Bank of Nigeria(CBN), is not presently considering special intervention options because of issues arising from previous uncoordinated interventions, but he is in talks with the CBN, to consider the dire demand of the sector and provide the necessary support for local meter manufacturers.

 

Earlier, Group managing director of MOJEC Group, Chantelle Abdul, said Nigeria will face serious energy challenges in the next two decades except proactive measures are considered to deal with seeming problems being presented by the sector.

 

Abdul said, the anticipated local content drive being advocated by the minister will go a long way to strengthen local manufacturers who are in need of intervention by the government.

 

She informed the minister that, despite bank guarantees by Electricity Distribution Companies, DisCos, MOJEC has spearheaded deployment of meters at its own risk across the country.

 

According to her, about five million per-paid electricity meters so far installed under different government meter deployment initiatives, her company is responsible for 50 per cent of the number so achieved.

 

She said the group is ready to enhance present installed meter production capacity to meet demand level by the PMI.

 

Abdul said her firm is inching towards increasing the local content component of its meter assembly from 40 per cent to over 60 per cent and fully attaining 100 per cent as urged by the minister.

 

According to him, the Meter Assets Providers (MAPs) would equally have to provide a minimum number of 2,000 meters to participate in the market. He stated that Nigeria should be self-reliant, adding that Nigeria has a market for its products.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Adebayo AdelabuMetering
SendShareTweetShare
Previous Post

Transcorp Power Grows Pre-tax Profit To N28.77bn In Q1

Next Post

Wema Bank Earmarks N70m Cash Prizes For 5th Hackaholics Winners

Chika Izuora

Chika Izuora

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Top Home Teams with Highest Win Rates: Who To Bet On
Special Report

Top Home Teams with Highest Win Rates: Who To Bet On

2025/06/28
Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Leadership Conference advertisement

LATEST

Bureaucratic Bottlenecks Delay Billionaire Dantata’s Burial In Saudi Arabia

Aikoriogie Hails Wike Over Reconciliation With Fubara, FCT Transformation

Kwara United Win 2025 President Federation Cup

PICTORIAL: 300 Journalists Benefit From Abuja NUJ, Nizamiye Hospital Medical Outreach

Nollywood Filmmaker, Kayode Peters, Dies In Canada

PICTORIAL: Mammoth Crowd Attends Ga’ib Funeral Prayer For Late Dantata In Kano

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.