Kolawole Balogun is the Chairman/Chief Executive Officer of Momas Electricity Meters Manufacturing Company Limited. He tells BABATUNDE TUGBOBO about his business, life and other issues
Kolawole Balogun is the Chairman/Chief Executive Officer of Momas Electricity Meters Manufacturing Company Limited. He tellsinformed your decision to venture into the manufacturing of prepaid meters?
Privatisation, as an ideology, is what is good for the country. Whether it is done rightly or wrongly is what we need to discuss. If one looks down the line, one will discover that privatisation has not solved all the challenges we had been facing in the sector, such as the lack of sufficient investment in the deployment of metering, insufficient infrastructure such as transformers, feeder pillars, and undersized conductors.
It is because of the above that no assembler would desire to be an OEM. They would prefer to remain importers, and we cannot develop the sector that way, talk more of the country’s economy.It is important for the tariff committee to invite and listen without biases and sentiments. They must appoint a knowledge-based team to oversee the people who are creating the tariff structure in the Federal Ministry of Finance, so that they will be able to put the right framework to encourage OEMs.
How can the challenge of incessantly faulty meters and delay in the distribution of meters be surmounted?
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