Oil & Energy
Manufacturers To Meet NERC’s Deadline On Prepaid Meter
There are indications that indigenous meter manufactures have commenced massive production of meters in order to meet the Nigerian Electricity Regulatory Commission (NERC’s) directive of May 1, rollout deadline.
Chairman of Momas Electricity Meter Manufacturing Company Limited (MEMMCOL), Mr. Kola Balogun gave the indication in Lagos, last Friday.
NERC had on April 5, issued permits to Meter Asset Providers (MAPs) to rollout new meters, not later than May 1.
According to him, manufacturers have also concluded to commence three shift production activities to actulise the NERC’s directives in meeting the May 1 deadline.
“We will be producing a minimum of about 70,000 meters monthly on three shift production operations to support the May 1 actulisation.
“Manufacturers have taken bold steps to double production capacity in areas of employment capacity, raw materials and effective services to meet NERC’s May 1,” he said.
The Momas boss said that manufactures had commenced recruitment of more personnel to fill in for the three shifts, to be able to work round the clock to meet up the metering gap.
The decision, Balogun said, had created more job opportunities for Nigerians.
“We (meter manufacturers) have been able to take youths off the streets to start working with us. This will also boost the economic growth of the country.
“It will also reduce the congestion of human capital at the labour market.
“I want to assure electricity consumers that, the May 1 rollout of metering is visible and achievable. Consumers should look up to the timeline of May 1.”
Balogun lauded the Minister of Power, Works and Housing, Mr Babatunde Fashola, for the bold step he took in addressing metering gap and power challenges in the country.
He also commended chairman of the NERC and its commissioners for their immense contributions toward the commencement of meter rollout in May 1.
According to him, meeting metering gap will be a new dawn in the power sector.
Balogun, however, urged government to support more indigenous meter manufacturing companies to excel, saying that MEMMCOL, for example, was an example of the local content policy of the government.
“MEMMCOL is 100 per cent local content, employing young and enterprising Nigerians and equipping them adequately with requisite training locally and internationally,” he said.
Balogun said that bridging gap in metering in the country would put an end to metering challenges faced by customers.
As part of the restructuring, the company said it had promoted high-performing employees, released retiring staff, and disengaged others whose performance fell below expected standards.
It added that it has also begun implementing a comprehensive employee development and customer management plan to strengthen its service delivery framework.
“In line with its corporate transformation strategy, Abuja Electricity Distribution Company has announced a restructuring exercise aimed at delivering improved services to its customers as well as enhanced operational efficiency and excellence.
“The restructuring is in line with our strategic direction to become a more responsive and efficient organisation, capable of delivering world-class service to our customers.
“As part of the transformation, the Company has promoted high-performing staff, released retiring employees and those performing below par, and has put in motion the implementation of a robust employee development and customer management plan aimed at driving AEDC’s customer-centric focus,” the company said.
AEDC noted that the reforms are part of its broader commitment to provide reliable, safe, and sustainable electricity to customers across its franchise areas, including the Federal Capital Territory and the states of Niger, Kogi, and Nasarawa.
The firm further pledged to continue investing in infrastructure upgrades, digital technologies, and operational innovations to improve service reliability and customer satisfaction.
“With a strong commitment to delighting its customers, AEDC continues to contribute to the growth and development of Nigeria’s energy sector through investments in infrastructure, innovative technologies, and sustainable practices.
“AEDC consistently seeks to improve the quality of life for its customers, promote efficient energy usage, and actively engage with its communities,” the statement added.
Nwoko who is also the Senator representing Delta North Senatorial District, said that forensic reviews show over S22b, S81b and S200b remained unaccounted for across different audit periods.
“I remain committed, alongside my colleagues, to ensuring accountability, recovery, and reform within the oil and gas sector.
Nwoko stated that the Committee had earlier presented its interim report before the senate saying “Our investigation has so far uncovered massive revenue losses amounting to over $300 billion in unaccounted crude oil proceeds over the years.
“This represents one of the most troubling cases of economic sabotage our nation has ever faced.
“We have made far-reaching recommendations to end this long-standing menace.
“There is need for strict enforcement of international crude oil measurement standards at all production and export points.
He urged the federal government to mandate the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy modern, tamper-proof measuring technology or return this function to the Department of Weights and Measures under the Ministry of Industry, Trade, and Investment.
The senator called for the deployment of advanced surveillance systems, including drones, to assist security agencies in combating oil theft.
He also called for the creation of a Special Court for Crude Oil Theft to ensure swift prosecution of offenders and their collaborators, saying it would also go a long way in tackling the challenge.
“We must also ensure the full implementation of the Host Communities Development Trust Fund under the Petroleum Industry Act (PIA) to empower local communities and reduce sabotage.
“Ceding abandoned oil wells to the NUPRC for allocation to modular refineries to support local production and job creation is also very vital in fighting the menace of oil theft and sabotage,” Nwoko further said.