Momas Electricity Meter Manufacturing Company (MEMMCOL) and the National Agency for Science and Engineering infrastructure (NASENI) have signed a memorandum of understanding of smart prepaid meters in the country.
The agreement was signed by Mr Kola Balogun, Chairman MEMMCOL and Prof Mohammed Haruna, Executive Vice Chairman Naseni on Thursday in Abuja.
Balogun said the partnership would help to address the metering challenges in Nigeria Electricity Supply industry (NES). “The terms of reference is that we collaborate and synergise to develop local capability on meters and some other technology inclined devices that will be useful for the nation. Essentially, it is to develop the first set of meters that will address the incoming Internet of Things (IoT) smart meters.This meter will make energy more accountable, it will be consumer-friendly, ease revenue collection and monitoring of power theft in the sector.” 
He said the processes have already started and expressed optimism that new meter would be launched before the end of the year. Balogun also said that when the prototype of the meter develops, it would serve as a standard and guide for other companies involved in meter manufacturing in Nigeria.
Based on his part, Haruna said NASENI was ready and committed to partnering with the company in areas of meter installation training design, maintenance amongst others.
He also added that NASENI ‘s mandate was to collaborate with organization like Nomas for National development and job creation.
