A meter manufacturing company, Momas Systems Nig. Ltd, has urged the Federal Government to initiate a policy that would enhance the performance of indigenous meter manufacturing fi rms.
Kola Balogun, Chief Executive Offi cer of the company, who made the call in said that government should provide the enabling operating environment, fi nance options and patronage that would cushion the growth of local manufacturers.
According to him, the power sector is faced with challenges of inconsistent policies which have been major concerns to indigenous operators.
"The parties involved need to come together to close ranks and move the power sector forward.
"If well supported, indigenous meter companies like Momas Systems Nig. Ltd, and other metering fi rms in the country will help in contributing in no small measure to manufacturing technology,'' he said,
Balogun said that if the local manufacturers were wellfunded and supported, it would go a long way to stem unemployment.
He, however, expressed concern about the huge operating costs created by the poor state of infrastructure in the country and the low patronage of the company by those who preferred to patronise foreign meter manufacturers.
Balogun said that the new Credit Advance Payment for Metering Implementation (CAPMI) scheme was a short intervention programme meant to increase the supply of meters.
"The programme is for willing customers who are on the estimated billing system. We have the mandate of 45 days to install the meter for the customer from the day the customer makes his or her payment in the bank,'' he said.
Balogun said the company had the capacity to produce 50,000 meters per month.
"We are ready to partner with other distribution companies in the country, to ensure that the country is effectively metered,'' he added
