fbpx
Edit Content

EKEDC Signs MOU With Meter Asset Providers (MAP) To Cut Down The Electricity Metering Gap In The Country

EKEDC

The Eko Electricity Distribution Company (EKEDC) in conjunction with the Meter Asset Providers (MAP), has signed a Memorandum of Understanding (MoU) to cut down the metering gap within its distribution network. The understanding was in accordance with the new MAP regulation.

See Also: The cost of electricity in Nigeria.

The Move To Bridge The Existing Electricity Metering Gap In The Country.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The agreement requires all electricity distribution proprietors within the country to engage meter asset providers, in a move targeted at bridging the metering gap of about 4.7 million electricity consumers across the country.

Engr. Adeoye Fadeyibi, Managing Director of the Eko Electricity Distribution Company (EKEDC), while speaking at the event, described the contract as a milestone and a demonstration of the company’s solid commitment to the ongoing revolution in the electricity industry.

As one of the first Discos in the country to key into this initiative, we are excited about the prospect that the initiative holds for the country. We are in no doubt that this is a significant effort at repositioning the Nigerian power sector which will ultimately bring about sustained economic growth and enhanced development,” Fadeyibi said.

He further stated that the new metering agenda would help to reduce impediments and bottlenecks that have up till now weakened optimum power distribution within the electricity supply industry.

He encourage the MAPs to ensure all customers within the EKEDC’s distribution network are captured under the new metering plan. He also admonished them to ensure that installations of the meters are exercised in a manner that guard against revenue loss.

Stakeholders In The Electricity Distribution Industry Laud The New Development.

Stakeholders in the industry who were present at the pact signing, lauded the new development in the sector stressing that the new plans and programme is a drive towards growth and sectoral reforms in the country.

Mr Imran Khokar, the Managing Director of Armese Power Solutions, applauded EKEDC for displaying “the highest sense of duty and uncommon professionalism throughout the pre-engagement period.”

Mr Durosola Omogbenigun of Integrated Resources Limited, on his part, appreciated the EKEDC management for a succinct and well laid-out proposal agreement that captures the terms of reference, workflow and performance benchmark.

During the assignation, the MAPs are required to ensure the supply of meters to unmetered customers within the EKEDC’s distribution network in the country.

Electricity Distribution And Small Businesses In Nigeria.

Poor electricity supply as a misery to small businesses, has weakened most economic activities in the country, which has forced companies to seek alternatives to power generation. This in turn, adds to the overhead cost. Sufficient power supply is necessary for businesses to function properly and  expand.

This therefore means that higher electricity costs push business costs higher, thus, reducing business competitiveness.

Entrepreneurship is a lonely journey, let us help you get through it with our service.

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

Small Business Insurance

Small Business Insurance- Everything You Need To Know

Why does a small business need insurance? Imagine small business insurance as a safety net for your business. It is designed to catch you when unexpected events threaten to tumble your hard work into chaos. This form of insurance comprises various policies designed to provide a financial cushion against the

Power of Trading Signals

The Power of Trading Signals for Financial Market Success

Trading has long captured the hearts and minds of many entrepreneurs worldwide. It offers the opportunity to master the financial markets and capitalize on market movements within its hallowed walls. In today’s article, we will explore the modern tools that assist traders in making potential profits, delving deeper into the

Types of small business insurance

Types of Small Business Insurance Every Business Should Know

Starting a new business is a big deal. It’s exciting and full of possibilities. To move forward confidently, it’s crucial to know about the types of small business insurance that protect your work from costs that unexpected events, like legal issues, damage, or business interruptions, might cause. This article will

Why Entrepreneurs Embrace Business Education

Why African Entrepreneurs Embrace Business Education

Why do African entrepreneurs embrace business education? Entrepreneurs are the lifeblood of economic progress, with small and medium-sized enterprises (SMEs) making up 90% of all businesses. These SMEs are more than just companies; they are the engines of job creation, contributing “up to 40% of national income (GDP) in emerging

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up