By Lubem Gena
Preparations have reached advanced stage for the President of Nigeria-Russia Business Council (NRBC), Prince Adetokunbo Kayode to facilitate the signing of business cooperation Memorandum of Understanding (MOU) between Russian electrotechnical company, Energomera and NT Power Nigeria Ltd.
In a press statement made available to newsmen in Abuja, Prince Kayode said the company is interested in investing in pre-paid meters production to bridge the gap that is currently existing in the sector.
“In the series of meetings and exchange of communication, we both agreed to sign the MOU to formally form the basis of the business relationship.
“During the Russia-Africa Business Forum which took place in Sochi last month, we concluded discussion to this effect. This will add value to electricity distribution and greatly reduce the sharp practices associated with electricity consumption and payment system.
“The NRBC is proud to play a pioneer role towards deepening our economic ties with a friendly nation like Russia. This has been made possible by the active facilitation of the Nigerian Ambassador to Russia, Prof. Steve Ugbah”, Prince Kayode stressed.
The Energomera is a recognised leader on the Russian market of electricity meters and metering system and produces over three million meters annually.
NRBC is an association of collected businessmen with deep interest in doing business with the Russians.
The MOU signing event will take place during the Future Energy Exhibition holding in Lagos on Sunday, 17th November, 2019.