Business News of Friday, 24 January 2025
Source: www.mynigeria.com
Nigeria’s major meter manufacturer (MOJEC) has revealed that it has installed more than 240,000 prepaid meters in Nigeria.
This is part of the move to improve electricity consumption management in the country.
According to MOJEC, it deployed 300,000 meters throughout the country in the same period, and achieved 80% installment, which is 240,000 meters.
These installations were done through the MOJEC Meter Asset Management Company (M3AC), one of its subsidiaries.
The company revealed in statement on Thursday, January 23, 2025 that the 2024 achievement is an indication of its robust capacity and willingness to scale up metering initiatives, and electricity consumption management in Nigeria.
MOJEC stressed its commitment to bridge the metering gap in Nigeria and ensure higher energy accountability.
Chantelle Abdul, Managing Director of the MOJEC group also added that the company achieved the feat, thanks to its state-of-the-art metering facilities.
She added that the group achieves a yearly installment of up to 5 million meters across all subsidiaries.
Nigeria's government has always emphasized the intention to drive up metering among electricity consumers, especially with recent data showing that up to 53% of Nigerian consumers are yet to be metered.