The Minister of Power, Adebayo Adelabu, has expressed the federal government’s readiness to support Momas Electricity Meters Manufacturing Company Ltd. (MEMMCOL), says the federal government is impressed with the huge investment in metering installations and metering accessories at the company’s
Adelabu who was on a working visit to the MOMAS’ factory in Mowe, Ogun state described the Chairman of the company, Engr. Kola Balogun as a patriotic Nigerian.
“I have seen the production process of meters and l am impressed with the local content of MOMAS. I never believed they had such facilities and technology know-how. Over 80 percent of their production is done locally. This is commendable and impressive,” he said.
Adelabu promised to discuss with the Nigerian Electricity Regulatory (NERC) on how to accelerate meter acquisition plans.
Adelabu promised to engage with regulatory bodies to expedite meter acquisition plans,underscoring the urgency of addressing the widening metering gap.
He implored other Nigerian businesses to emulate MOMAS’s dedication to local content development, emphasizing the government’s commitment to promoting self-reliance and reducing dependence on foreign goods.
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“We must also incentivise them by providing a conducive atmosphere to make their production activities in terms of cost to be more competitive,” Adelabu said.
He said: “That is the only way local producers can be sustained.But, we need to start developing capacity in terms of investment infrastructure and also ensure mass production.
“We need to develop local capacity to avoid importation.We must have a comprehensive plan for full backward integration, so that the locally manufactured products will be achieved. We need to start training our people in technical training.”
He outlined the Presidential Metering Initiatives’ target of installing two million to 2.5 million meters annually over the next five years.
Adelabu commended MOMAS for its contributions to bridging the metering gap in Nigeria
“MOMAS remains our proud local meter manufacturing company in Nigeria. Its investment in metering and other electrical equipment is topnotch”, he stated
