The Abuja Chamber of Commerce and Industry, ACCI has 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.

The ACCI President Adetokunbo Kayode said that the agreement would be between Russian electrotechnical company, Energomera and NT Power Nigeria Ltd.

He added that preparations had reached advanced stage to facilitate the signing of business cooperation between both parties. Adetokunbo noted that the company was interested in investing in pre-paid meters production to bridge the gap that existed in the sector.

The Energomera is a recognised leader in the Russian market of electricity meters and metering system and produces over three million meters annually.