Multi-billion naira meter assembly plant to be set up in Lagos
September 13, 2013 | Filed under: Company News | Posted by: Editor

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.

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, the 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.

Abdul, however, told BusinessDay, that it was indeed a new dawn in the electricity industry in Nigeria. “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.

But according to Bolaji Oyesiku, managing director/CEO of Ibadan Electricity Distribution Company (IBEDC), CAPMI is meant to make electricity users accountable and happy over billing mechanism. The creation of CAPMI, he said, became necessary to address what he called the “ugly trend through the payment for meter, the fund of which is refundable over a period of three years with a 12 percent interest in which cost of meter and meter box will be refunded by the PHCN”.

Speaking at a recent forum organised by IBEDC, one of the 11 distribution companies of PHCN, to formally commence CAPMI in the zone, however, Abdul, who spoke on behalf of other CAPMI contractors, promised to deliver quality products and services to IBEDC.

By: Remi Feyisipo

awodman:
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).

omanzo02: Gbawe is now happy government privatisation process is advantageous afterall, lol.

berem: Good! At least everyone can own a meter at home without PHCN doing shakara for Nigerians.

taharqa2:
Hehehehehe.......laugh wan killi me now

drnoel: U people should read in between lines before commenting. The new says first quarter of 2013 which has passed. Why is the meter company not setup yet.

drnoel: U people should read in between lines before commenting. The new says first quarter of 2013 which has passed. Why is the meter company not setup yet.

theoctopus: Gbawe, please dont abandon this your beautiful thread. Lets join hands together to send it to the front page. You are a genius man.

theoctopus:

In between which lines. Power lines, abi traffic lines! Is the company supposed to be setup by the FG? Please direct your questions to the private company. Maybe their equipment has not arrived at the port or their MD has gone to do-the-poo and has not resumed. Dat one no concern us!

The only thing that is important to us is that they want to setup a mega company that will increase Lagos IGR and create jobs for some touts because power reform is working.

Front page please!



Note:

The "2013" is called typographical error or Typo for short. You must have been living under a rock. Cant you see the date of the article on top?...

drnoel: U people should read in between lines before commenting. The new says first quarter of 2013 which has passed. Why is the meter company not setup yet.

berem: You're right!

theoctopus:

Bwahahahahahahahahahahahahahaha!

berem: Guy, you sure say you well so, abi you don high this night?

theoctopus:

I well pass you well well! How many wells are in this sentence self?

berem: Na so madness dey take start! You better take your drugs and go to sleep! Kolomentality!

drnoel: U people should read in between lines before commenting. The new says first quarter of 2013 which has passed. Why is the meter company not setup yet.

Gbawe: Sad bunch of people. When the President you all support clannishly is corruption and mediocrity personified, with not much genuine achievements to his name, why will you mumus not be here dancing azonto? Clever Nairalanders and Lagosians will get the 'gist' because I do not have to point out the obvious to them that GEJ fans, always 'thick' by nature, can never discern.

talktimi: Please read this your post very well then pretend it makes sense in correlation to the topic at hand. Abeg

talktimi: Please read this your post very well then pretend it makes sense in correlation to the topic at hand. Abeg