Business
Boosting Local Capacity In Meter Production: How MOJEC Encourages Local Content Capacity
Published
3 years agoon
By
Editor
By Segun Olabode, Lagos
The Ministry of Power has become the latest key sector of the economy to work towards replicating the success achieved with the implementation of Nigerian Content in the oil and gas industry to ensure that ongoing transformation in the sector and massive investments by governments and private sector entities are steered to develop the local supply chain and encourage indigenous manufacturing.
According to Section 3(2) of the Act, exclusive consideration is given to indigenous Nigerian service companies that demonstrate ownership of equipment, Nigerian personnel, and the ability to execute work on land and swamp.
Indigenous meter manufacturers have not been able to produce adequate meters, which indicates the current production capacity in this sector, thereby placing unmetered Nigerians in perpetual wait to possibly no end. Meter manufacturers, like other industrial manufacturers, have faced challenges ranging from retrogressive port systems, foreign energy crises, multiple taxations, and high energy costs.
In its bid to mollify these challenges, MOJEC International Limited, Nigeria’s leading manufacturing company and the largest meter manufacturer in Sub-Sahara Africa, moved into boosting the local capacity of meter production.
The organization is putting a lot of effort into place to bridge the metering gap of over six million unmetered consumers by expanding and boosting its capacity in metering production, leveraging on its wealth of technical and financial experience in the local production of electric meters, thereby demonstrating its robust contribution to the development of local content in the Nigerian power sector.
Metering requires a significant amount of effort in both production and logistics; it is not as simple as purchasing a mobile phone and having it work as soon as a sim card is inserted. Metering the Nigerian populace has been an upheaval in the National Electricity Supply Industry (NES). There have been several mass metering intervention programmes by the Federal government and the Nigerian Electricity Regulatory Commission (NERC) since the inception of the electricity sector reform under the administration of former President Olusegun Obasanjo to bridge the metering gap.
READ ALSO: How MOJEC Is Facilitating Federal Government’s Mass Metering Agenda
The majority of these interventions were funded by the Federal Government, which provided direct funding to selected meter companies to import and roll out prepayment meters to electricity consumers. Also provided by the Federal Government were monetary and fiscal incentives such as duty waivers, tax waivers, duty reductions, and concessional funding to local meter assemblers to stimulate the assembling of meters in Nigeria.
Before this time, there were huge factors affecting the local production of meters, as all the components for metering were imported and importation logistics were a major challenge. Getting cargo across the ports comes with challenges. Also, the lack of patronage by distribution companies was a challenge to local manufacturers.
Currently, MOJEC meters are smart and low-voltage city-operated meters, ranging from single-phase to three-phase meters. They are for personal and industrial use. They could be post-paid or pre-paid.
In order to reduce metering gap in Nigeria, MOJEC under its Mobile MAP initiative has continued to push to get more Nigerians metered through its meter penetration and partnership with DisCos across regional areas in the country.
This move would see customers provided with meters within 24 hours, also preventing them to fall prey of extortion from installers in the bid of helping them secure a meter.
MOJEC, as an industry leader in metering technology development, has reached a significant milestone in the local production of smart meters. Apart from manufacturing electricity meters, MOJEC is also in the business of manufacturing water and gas meters.
It is worthy of note that MOJEC’s painstaking effort in meter production has been able to help propagate the objectives of the FGN’s agenda, which include: increasing
Nigeria’s metering rate; increasing local meter manufacturing capacity to strengthen the local meter value chain; creating jobs in the local meter value chain, and supporting Nigeria’s economy by eliminating erratic billings.
In 2020, the Federal Government initiated the National Mass Metering Program in partnership with indigenous meter manufacturers, including MOJEC, following its demonstrated ability to boost the capacity and production of meters locally while hiring and equipping Nigerians with the requisite skills required in the electricity sector.
The government, through NERC, has commended MOJEC for the quality of infrastructure and facilities put in place to support the Federal Government’s intervention Initiative.
The NERC chairman, Professor James Momoh, stated that MOJEC has demonstrated the capacity to support the effort in bridging the metering gap and urged the company to keep working to support the Federal Government and NERC in providing best-in-class smart meters for consumers.
READ ALSO: Precise Platforms Launches Research, Intelligence Outfit
The meter asset provider program is an initiative of the Federal Government under the Ministry of Power and the Nigerian Electricity Regulatory Commission to bridge the metering gap to track the supply of meters to distribution companies and other customers.
MOJEC Meter Company pioneered the concept of smart metering technology in Nigeria by setting up a state-of-the-art electricity meter plant in the country with a production capacity of over 3million meters annually designed to handle the demands of energy customers.
MOJEC manufactures and supplies different types of meter ranging from single-phase meters, three-phase pre-payment meters, whole current meters, low voltage city-operated meters, credit meter/Pre-payment meters to HT metering Panel

The Naira experienced a slight depreciation on Friday at the official market, trading at N1,528.56 to the dollar.
Data obtained from the website of the Central Bank of Nigeria (CBN) showed that the Naira lost N2.73.
This represents a 0.17 percent loss compared to the N1,525.82 recorded on Thursday.
READ ALSO:Naira Appreciates At Official Market
The Naira, which opened the week on Monday with a gain of N9.52 against the dollar, held steady gains until Thursday.
On Wednesday, the local currency gained N3.42 against the dollar and received commendation from the International Monetary Fund (IMF).
The IMF, in its 2025 Article IV Consultation report on Nigeria, commended the CBN for its reforms to the foreign exchange market, which supported price discovery and liquidity.
Business
JUST IN: Dangote Refinery Hikes Petrol Ex-depot Price
Published
2 weeks agoon
June 20, 2025By
Editor
Nigerians may soon pay more for petrol as the Dangote Petroleum Refinery on Friday increased its ex-depot price for Premium Motor Spirit to N880 per litre, raising fresh concerns over fuel affordability and price volatility in the downstream sector.
Checks on petroleumprice.ng, a platform tracking daily product prices, and a Pro Forma Invoice seen by The PUNCH confirmed the hike, representing a N55 increase from the previous rate of N825 per litre.
The increment would ripple across the entire fuel distribution chain, likely pushing pump prices above N900/litre in some parts of the country, especially in areas far from the distribution hubs.
The hike comes despite global crude prices falling. Brent crude dipped by 3.02% to $76.47, WTI fell to $74.93, and Murban dropped to $76.97 on Friday. The decline in benchmarks offers little relief due to persistent fears of sudden supply disruptions.
READ ALSO: JUST IN: Dangote Refinery Sashes Petrol Gantry Price
The refinery has increased its reliance on imported U.S. crude and operational costs amid exchange rate instability, which adds to its pricing pressure.
On Thursday, the President of the Dangote Group, Aliko Dangote, said his 650,000-barrel capacity refinery is “increasingly” relying on the United States for crude oil.
This came as findings showed that the Dangote Petroleum Refinery is projected to import a total of 17.65 million barrels of crude oil between April and July 2025, beginning with about 3.65 million barrels already delivered in the past two months, amid ongoing allocations under the Federal Government’s naira-for-crude policy.
Dangote informed the Technical Committee of the One-Stop Shop for the sale of crude and refined products in naira initiative that the refinery was still battling crude shortages, which had led it to resort to imports from the United States.
READ ALSO:Dangote Stops Petrol Sale In Naira, Gives Condition For Resumption
On Monday, the president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, accused oil marketers of exploiting Nigerians through inflated petrol prices, insisting that the current pump price of PMS should range between N700 and N750 per litre.
He criticised the disparity between falling global crude oil prices and the stagnant retail price of petrol in Nigeria.
“If you go online and check the PLAT cost per cubic metre of PMS, convert that to litres and then to our Naira, you will see that with crude at around $60 per barrel, petrol should be retailing between N700 and N750 per litre.”
He asserted that if Nigerians bear the brunt of higher fuel costs, they should be allowed to enjoy the benefit of low pricing.
His forecast of increased costs now appears spot on, considering the latest developments.
Marketers are already adjusting. Depot owners and fuel distributors in Lagos and other cities anticipate a domino effect, with new price bands expected to follow Dangote’s lead.
Many had held back pricing decisions since Tuesday, when the refinery halted sales and withheld fresh PFIs. The delay fueled speculation, allowing opportunistic price hikes across various depots.

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market.
Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone.
This marks a 0.28 per cent appreciation from Thursday’s closing rate of ₦1,584.95 in the official foreign exchange window.
The local currency maintained consistent strength throughout the week, recording gains daily.
READ ALSO: Naira Appreciates Against Dollar At Foreign Exchange Market
On Monday, May 19, it traded at ₦1,598.68; on Tuesday, at ₦1,590.45; and on Wednesday, at ₦1,584.49.
These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.
Meanwhile, the CBN, at its 300th Monetary Policy Committee meeting held Monday and Tuesday, retained the Monetary Policy Rate at 27.5 per cent.
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