MOMAS, NASENI sign MoU on development of smart prepaid meters

Kola Balogun, Chairman, MEMMCOL and PMohammed Haruna, Executive Vice Chairman NASENI during the signing of a Memorandum of Understanding between MEMMCOL and NASENI for the development of smart prepaid meters in Abuja

Momas Electricity Meter Manufacturing Company (MEMMCOL) and the National Agency for Science and Engineering Infrastructure (NASENI) have signed a Memorandum of Understanding for the development of smart prepaid meters in the country.

A statement issued on Friday in Lagos by MEMMCOL said the agreement was signed by Kola Balogun, Chairman, MEMMCOL and Mohammed Haruna, Executive Vice Chairman, NASENI recently in Abuja.

Balogun said the partnership would help to address the metering challenges in the Nigeria Electricity Supply Industry (NESI).

He said: “The terms of reference is that we collaborate and synergise to develop local capability on meters and some other technology inclined devices that will be useful for the nation.

“Essentially, it is to develop the first set of meters that will address the incoming Internet of Things (IoT) smart meters.

“This meter will make energy more accountable, it will be consumer friendly, ease revenue collection and monitoring of power theft in the sector.”

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Balogun said the processes have already started and expressed optimism that the new meter would be launched before the end of the year.

He said when the prototype of the meter was developed, it would serve as a standard and guide for other companies involved in meter manufacturing in Nigeria.

“This will be a more modern type of meter and will address all the peculiarities being faced currently by prepaid meter users.

“We believe this is an opportunity to close to huge metering gap in the country which is one of the problem bedeviling the power sector,” Balogun said.

On his part, Haruna said NASENI was ready and committed to partnering with the company in areas of meter installation, training design, maintenance, amongst others.

He said NASENI’s mandate was to collaborate with organisations like MOMAS for national development and job creation.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.