Multi-Billion Naira Meter Assembly Plant to Lagos

MOJEC International Nigeria Limited, in partnership with a Chinese meter manufacturing company, is setting up a multi-billion naira world-class SKD meter assembly plant in Lagos, Nigeria CommunicationsWeek has gathered.

MOJEC International is one of the companies engaged by Power Holding Company of Nigeria (PHCN) to sell and install meters under the newly introduced Credit Advance Payment Metering Implementation Scheme (CAPMI).

The factory to be sited along Oshodi/Isolo Expressway will be funded by the Bank of Industry (BoI).

According to Mojisola Abdul, president/chief executive officer of MOJEC, all arrangements have been concluded with the partners to set up the company in Nigeria before the end of this year or latest first quarter of 2013. When the factory is fully operational, she said, it would serve the yawning Nigerian and African meter markets.

The meters, which are to be assembled in different categories, are expected to fill the gap in meter supply in Nigeria, especially with the introduction of CAPMI.

CAPMI, instituted by Nigerian Electricity Regulation Commission (NERC), is to address the ugly trend through the payment for meter in the country.

“We are assuring esteemed customers that we have put up a broad range of solutions to make electricity metering challenges a thing of the past in Nigeria,” she said.

Her company, she said, has taken into consideration the ease and conveniences of the various segments of customers in all solutions.

“Based on the anticipated large demand for various meters, we are poised to meet categories of customers’ demands, especially when the SKD meter assembly plant is in place,” she added.