Business
MAN Warns Against Supply of 1.250 million Substandard Smart Energy Meters To DisCos By Foreign Firms

By Ocheneyi Alli
The Manufacturers Association of Nigeria (MAN) has warned that a repeat of supplying substandard energy meters by foreign companies to the electricity distributions companies (DisCos) is about to happen again, as the contract prices and terms fixed by the Transmission Company of Nigeria (TCN) doesn’t favour local meter manufacturers.
In a document, titled ‘ The National Mass Metering Programme (NMMP) Phase 11 World Bank Funded Scheme For The Supply and Installation of 1.250 million Smart Energy Meters To Eleven Electricity Distribution Companies In Energy BID: DREP-PPI, CREDIT NO: 9206-NG, PROJECT ID NO: P172891′, MAN said : ” We are deeply concerned over the impending displacement of local meter manufacturers and assemblers in the downstream of the power sector in the process of government’s implementation of the NMMP Phase II World Bank funded supply of 1.2 million smart energy meters.
” The advertised financial requirements and the technical specifications by the Transmission Company of Nigeria (TCN) appears to be skewed against local manufacturers as they are outrageously stringent and negate the CBN guidelines for the implementation of National Mass Metering Programme (NMMP).
This is a federal government’s intervention in power sector to accelerate energy meter supply in the country to bridge the metering gap and ought to be in sync with our overall national economic development objectives.
The financial requirements and the technical specifications laid down by the Transmission Company of Nigeria (TCN), has sidelined the local meter manufacturers from participating in the implementation of the contracts.
Segun Ajayi-Kadir, the Director-General of MAN, said : ” We warn that this portends grave danger for the power sector as we may be witnessing a repeat of the ugly scenario in 2012 when local manufacturers were sidelined in the meter supply and the nation was greeted with supply of substandard meters supplied by the foreign companies that were awarded the contract that were later removed from the network.”
He notes that despite the capacities and the track records of the local meter manufacturers and assemblers across the country (the like of Momas Systems Nigeria Limited; Mojec International Limited, etc) in the energy contracts executions , again they are being displaced in the implementation of the NMMP Phase 11 contracts by the TCN.
He notes for instance , that local manufacturers deployed and installed a total number of 611,231 energy meters across the country between January 2019 till 31st January, 2021.
This is corroborated by the report of the Regulatory Agency, the Nigeria Electricity Regulatory Commission, NERC, under the Meter Assets Provider (MAP) initiative of the federal government.
Also, they deployed and installed 1million energy meters across the country under the phase zero of the National Mass Metering Programme (NMMP).
This is under the Federal Government intervention aimed at increasing the metering rate to eliminate the inglorious and arbitrary estimated billing and strengthening the local meter value chain, as well as creating jobs.
Of course, this has also helped in reducing collection losses and increasing financial flows to achieve 100% market remittance obligations of the Discos and improving network monitoring capability and availability of data for market administration and investment decision making.
It should recall that our members have been denied the opportunity to fully execute the contract for the supply and installation of 4 million energy meters under the Phase 1 of the NMMP scheme.
This was due to the unrealistic terms that arbitrarily fixed the contract prices extremely and far below the approved regulatory prices of energy meters in the country.
Additionally, the contractual term of payment after the supply and installation of the meters have not been adhered to, thereby jeopardizing the financial capabilities of our members that participated in the scheme.
Business
Lagos Attracts $200m Investment from Abu Dhabi -Ambrose-Medebem
The investment is also aimed at boosting ICT innovation and healthcare facilities.

Lagos State Government said it has attracted over $200 million in partnership deal with the Abu Dhabi Ports aimed at developing critical infrastructure and logistics within the Lekki corridor.
The investment is also aimed at boosting ICT innovation and healthcare facilities.
The State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, said this during the ongoing ministerial press briefing to mark the 2nd year in office of the second term of the State Governor, Mr Babajide Sanwo-Olu at Alausa, Ikeja.
The State government recently held a roundtable investment forum as part of measures to boost its economy.
The Commissioner revealed that, “As a result of the Lagos Investment Roundtable, numerous Expressions of Interest from local and foreign investors are under active discussion.”
Business
Nigeria First Policy: Customs Championing Made-in-Nigeria Vehicles Procurements
In terms of aesthetics, I am satisfied with what I see here. In terms of functionality, we have been assured by the manufacturers that the vehicles are quite efficient.”

The Comptroller-General of Customs (CGC), Adewale Adeniyi has assured members of the Nigeria Automotive Manufacturers Association (NAMA) that the Service would champion the procurements of locally assembled vehicles from the auto manufacturers inline with the government’s Nigeria First Policy Directive.
CGC Adeniyi gave the assurance when he inspected vehicles produced by members of the Nigeria Automotive Manufacturers Association (NAMA) at the Service’s headquarters, Maitama, Abuja.
After the inspection, the CGC commended the association for turning up in full strength and expressed satisfaction with the quality of the vehicles.
He remarked, “In terms of aesthetics, I am satisfied with what I see here. In terms of functionality, we have been assured by the manufacturers that the vehicles are quite efficient.”
“What gives me joy is that in all the vehicles I have seen today, there is an imprint of Nigeria, which shows that they are fully assembled here. It gives me joy that Mr President’s policy is on the right course,” he added.
He further praised President Bola Tinubu’s Renewed Hope Nigeria First policy initiative in the automobile industry.
He pledged that the Nigeria Customs Service would continue to patronise and support the sector for the growth and well-being of the nation’s industrial economy.
In response, Ilekuba Anslem Chairman, Chief Executive Officer of Cedric Masters Group, commended the CGC for his unwavering support for the automobile industry.
Also, Oluwatobi Ajayi, Chairman and Chief Executive Officer of Nord Automobile Limited, praised the CGC.
“Even before this policy was announced, you had been championing made-in-Nigeria vehicles.
With Mr President’s announcement, we are confident that you will be the first CEO of a government parastatal to fully champion this policy,” he said.
He assured the CGC that the company would not abandon its vehicles after sales.Similarly, Jonas Ojukwu, a Director at Innoson Vehicle Manufacturing Company Limited (IVM), assured the Nigeria Customs Service of the company’s commitment to delivering the best to the Service.
Other stakeholders who spoke at the event included representatives from Mikano Motors Nigeria and Stallion Motors Nigeria.
Business
Lagos Marks 39 Building in Lekki Axis for Demolition
Commissioner for the Environment and Water Resources, Tokunbo Wahab, explained that government swung into action following a series of petitions on encroachment of the Ikota River.

Lagos State government has marked no fewer than 39 buildings located in two highbrow estates for demolition for building on the Right of Way, RoW, of Ikota River, at Eti-Osa Local Government Area. Ikota is part of the Maroko Okun Alfa Ward in the Lekki axis.
This is coming as the state government issued indefinite quit notices to affected occupants to enable them move their properties and families before the demolition exercise commences.
The affected buildings, located at Oral Extension Estate, Westend and Megamound Estate, Eti-Osa, LGA, include 20 buildings to be totally removed, eight marked for partial removal, while 13 buildings are to go down at Westend Estate.
Commissioner for the Environment and Water Resources, Tokunbo Wahab, explained that government swung into action following a series of petitions on encroachment of the Ikota River.
Wahab said: “We had several complaints. We have been on this for a while now, and we found out at the ministry level that while we are engaging to find a win-win solution that will mitigate the negative impact on the environment and they don’t affect the people so much. Some developments were also going on to further push back the RoW, and the alignment of the Ikota River.
-
Entertainment2 days ago
It’s Painful I Couldn’t Settle Down With My Wife At Old Age – Bongos Ikwue reflects on late wife
-
Entertainment2 days ago
Tricycle kills Imo Awka Masquerade in Anambra
-
Sports1 day ago
Christian Chukwu for burial August 22
-
Entertainment2 days ago
It’s Painful I Couldn’t Settle Down With My Wife At Old Age – Bongos Ikwue
-
Politics3 hours ago
Reps reject bills to strip INEC power and rotational presidency
-
Sports1 day ago
AFCON U-20: Nigeria to face South Africa as semi-finals fixtures confirm
-
News4 hours ago
OGTV Ace Broadcaster, Bukola Agbakaizu is Dead – NUJ
-
Business2 days ago
Lagos Marks 39 Building in Lekki Axis for Demolition