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Effective Metering Remains Best Option To Drive Power Sector- MINISTER

The Minister of Power, Saleh Mamman, has expressed his readiness to improve the country’s power sector through effective metering that will meet consumer’s demands and also address liquidity challenges.

Saleh Mamman insisted that effective metering of electricity consumers remains the best option to help distribution companies get more money to pay generating     companies.

Saleh Mamman made this known during facility inspection of Momas Electricity Meters Manufacturing Company (MEMMCOL) factory in Ogun State to see things for himself on the company’s capacity  in meeting metering demands.

According to Saleh Mamman: "Metering is one of the things bordering Nigerians particularly, the electricity consumers. 

"When I resumed, I took it as my priority as one of the important areas on electricity market liquidity and sustainability.

"I have to produce meter to get more money for the sector.

"We will get more money from distribution companies to pay Gencos. That is the only way to do to justify that, is go by metering.

"That is why i am here to see it and believe it and to also direct on how to get meter soonest."

"Am here to inspect the factory of Momas meter manufacturing company  because I don’t believe in sitting in the office and listen to story.

"I want to see things for myself and today am convinced that we have a Nigerian that has capacity and capability to meet metering gap in the country.

"This, has now encouraged me to also tell our local companies has the capacity to produce meter that is expected and required in-country.

"Am very much impressed with the local content driven initiative by MOMAS company on meter manufacturing company, to see a Nigerian producing meter up to 1,000 per day.

"This, is indeed commendable. Momas is one of the top meter manufacturers in Nigeria that we should be proud of.

"We should allow and encourage investors into the country and also give consideration to our own local manufacturers to grow.

Kola Balogun, the Chairman of MEMMCOL said that his company has the capacity to produce above 50,000 smart meters per month if given the support by government and adequate patronage from distributing companies.

Kola Balogun said: "One of the major challenges is funding, because Discos needs recapitalization, adequate funding to buy sufficient meter for the consumers."

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