The Governor of Lagos State, Babajide Sanwo-Olu has unveiled the Lagos Smart Meter Initiative where winners will get N7million in the software and hardware categories.
The Honourable Minister of State, Federal Ministry of Power, Goddy Jedy-Agba; along with other government officials were also part of the virtual press conference where the initiative was unveiled.
The Lagos Smart Meter Hackathon 2020 is a meter design hackathon to improve energy distribution, monitoring and preventing revenue leakage.
The Lagos Smart Meter Hackathon 2020 was conceived by the Ministry of Energy & Mineral Resources, Lagos State in partnership with Eko Innovation Centre to address the over 60% metering gap in Lagos and provide affordable smart electricity meters for consumers.
According to the Governor “We want to leverage the availability and abundance of our bright local talents in Nigeria and Lagos to develop and produce affordable smart electricity meters for consumers. It is a fact that over 60% of electricity consumers in Lagos are not metered.
“This initiative will reduce the revenue leakages in the sector and ultimately improve last-mile electricity supply. This is an important way for us to demonstrate our commitment to improving electricity access and reliability for Lagosians”.
Governor Sanwo-Olu in his remarks also stated that the launch marks a significant milestone in the implementation plan of the State Government towards improving access to electricity in the state and it is also in line with the Sustainable Development Goal 7 of the UN which aspires to drive universal access to affordable, reliable, sustainable, and modern energy for all by 2030.
He added that increased electricity access is one of the priority mandates of his administration given its significance in ultimately driving economic development of the State to enable it achieve the objective of making Lagos a 21st century Economy.
“We believe that adequate metering of Lagosians and in turn Nigerians, would increase willingness to pay for electricity, improve productivity, and more importantly, continue to improve the living conditions of our people”. Sanwo-Olu added.
More details about the Initiative and Entry process can be found HERE
