The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector.
President of ACCI, Adetokunbo Kayode said that the agreement would be between Russian electrotechnical company, Energomera and NT Power Nigeria Ltd.
A statement issued on Friday by Mr Lubem Gena, Media and Strategy Officer, to the Nigeria’s ACCI said that preparations had reached advanced stage to facilitate the signing of business cooperation between both parties.
The statement said ACCI president, Adetokunbo noted that the company was interested in investing in pre-paid meters production to bridge the gap that existed 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.