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CWG to Revolutionize Energy Sector with Smart Metering Solution

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James Agada, Group CEO, CWG PLC has said that they have developed technological solutions that could create additional revenue streams for the Electricity distribution Companies (DisCos) in the country.

He disclosed this at a media parley with ICT journalist held at the CWG‘s Head office on Thursday in Lagos.

He stated that they have built smart meters that can create additional revenue streams for the DisCos if they utilize the benefits of other communication systems embedded in the smart meter.

According to him,” we are building meters that can create additional revenue streams for the DisCos.

“Some of our meters come with the capability to provide WiFi hotspot.

“Once you have WiFi in an area, and you can stream video, you can do a lot of other services.

“You can run advert which can generate revenue for the discos.

He emphasized that DisCos cannot make sustainable profits with just selling electricity to its consumers without making provision for value added service that could deliver additional services to its customers.

He urged these companies to use their meters to deliver additional services or buying the right kind of meters that can for instance deliver WiFi internet connectivity to people’s homes, adding that with internet connectivity, you can stream videos and do other services.

He added the DisCos can use their infrastructures like poles to provide services for telecommunication companies and make additional revenues for its self.

Agada noted that DisCos have right of way to their customer houses which they can offer to any company who wants to do fiber to homes.

He revealed that the technology as part of its value added services embedded in it can stop power tapping and also monitor and detect when there is tapping theft.

“It is technology that can stop power tapping; we can monitor and detect when there is tapping theft.

“Then, we can identify where it is coming from and then the DisCos can take action.

“If you don’t deploy that technology there is no way you are going to stop power tapping,” he stated.

Daniel Das, VP,Corporate Development, CWG, while speaking at the media parley said that the smart metering solution they are bringing to the markets combines smart metering, where the meters have their own communication systems, they have software for capturing data and also the system for helping people remotely disconnect, reconnect their meters, recharge them without having to manually punching the keys.

He added that the root cause of non viability of the power sector as of today is because power is stolen which should have been otherwise billed and accounted for.

He said,” what we are bringing in is a theft prevention system. So every meter, smart or non smart, prepaid, postpaid cannot be bypassed by simply taking jump from the phase before the meter and people cannot draw power illegally from the lines.

“So it really doesn’t depend on the meter. Therefore, metering alone cannot solve the problem that the Nigerian electricity supply industry faces.

“We discovered and found the problem. As the distribution companies and everyone is struggling to make the sector financially and commercially viable, the root cause of its non viability as of today is that power is stolen, power is lost, which should have been otherwise billed and accounted for.

“Therefore the theft preventing system which can be combined with metering system are put together then whatever energy that is pumped into the network is going to be billed for.

“When it is billed for, the revenue will improve and increase and of course the sector becomes viable on its own accord because the tariffs we pay as customers has in it accompanied for energy, cost and operation.

“The theft preventing system ensures that no power is lost by unscrupulous means and once you prevent that the viability of the sector becomes possible.”

Das reiterated that apart from the smart meter doing the metering functions, it also give the customers remote view of their energy consumption.

He further noted that the meters are embedded with 4G Lte WiFi hotspot that works on all these banks that are currently licensed by NCC or TELCO operators, meaning that you can use any Telco’s data operator’s sim card on it.

He explained that the idea behind them putting two things into one device is because energy and data have become the life blood of any modern society and that it will make sense to add extra cost and make the meters have two widely used functions.

“In today’s world, we need energy on daily bases and we also need data. Nobody can live without data.

“So energy and data are the life blood of any modern society and we are bringing these two into a single device and therefore it can serve as additional revenue source for the distribution company who is bringing you the meter.

“So it will make sense to add extra cost and make the meters have two widely used functions,” he added.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Mart Networks Rolls Out Tailored Cybersecurity Solution for Fintechs

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Mart Networks, a leading cybersecurity distributor across Africa and the Middle East, has unveiled a specialized cybersecurity package tailored for fintech firms.

The solution, powered by Invinsense, Infopercept’s unified cybersecurity platform, aims to address the growing security needs of fintechs operating in highly regulated environments.

According to Moiz Maloo, Managing Director at Mart Networks, fintech companies face unique security challenges due to stringent regulatory requirements and increasing threats. “Most fintechs don’t have the luxury of multiple internal security teams or system integrators. With this focused offering, we’re providing an all-in-one platform with managed services built specifically for the fintech environment,” he said.

The offering integrates four key components: Invinsense XDR and Managed Detection & Response for real-time monitoring, Exposure Management for vulnerability detection, Security Compliance Management to support fintechs in meeting regulatory standards, and Cybersecurity Awareness Programs to empower teams against cyber threats.

Furthermore, the package includes deep application visibility, ensuring fintech-specific applications remain secure through Invinsense SIEM’s custom log ingestion capabilities. To reinforce protection, Infopercept’s engineering team will provide code-level fixes, patches, and infrastructure security enhancements.

With the rise of cloud-based fintech operations, the solution also incorporates full-stack cloud security, including API security, Cloud Infrastructure Entitlement Management (CIEM), and Application Security Posture Management (ASPM).

Mart Networks’ move underscores the growing importance of cybersecurity in Africa’s fintech sector, as financial services become increasingly digital and susceptible to evolving cyber threats.


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Equinix Expands Digital Footprint in Nigeria with Launch of LG2.3 Data Center

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Equinix, Inc. the world’s digital infrastructure company™, has officially opened its latest data center expansion in Lagos. Called LG2.3, the facility will support Nigeria’s growing digital transformation efforts, providing state-of-the-art colocation and secure interconnection solutions which will empower businesses across the region.

It also signifies Equinix’s unwavering dedication to advancing Nigeria’s position in the global digital economy, reinforcing the company’s commitment to the region.

As part of the inauguration, Bruce Owen, President of EMEA at Equinix, along with other Equinix executives, led the ribbon-cutting ceremony at the newly expanded site. In addition to an official visit to the Governor of Lagos State, Equinix hosted an exclusive customer engagement event, bringing together key customers and partners from Nigeria’s business and technology sectors.

Attendees discussed shared successes and Equinix’s role in facilitating digital transformation, while also connecting directly with Bruce Owen for insights into how Equinix’s solutions drive innovation and business agility in the region.

Equinix executives also took part in a tree-planting ceremony, symbolising Equinix’s continued investment in sustainable initiatives across the globe and highlighting the company’s broader goal of reducing its carbon footprint while supporting greener practices across its operations worldwide.

Speaking about the expansion, Bruce Owen, President of EMEA at Equinix said “Nigeria is a crucial market for Equinix. Today’s opening is a clear demonstration of our continued commitments to invest and grow digital infrastructure that will benefit the many thousands of businesses in Nigeria and on the continent as a whole.

“I am deeply encouraged by the enthusiastic partnerships and innovations emerging from this dynamic region, which continue to inspire our commitment to Nigeria’s digital and sustainable future.”

Adding to this, Wole Abu, Managing Director of Equinix West Africa, highlighted the critical role of data centers in driving economic growth stating “Data centers continue to play a pivotal role in driving economic development in Nigeria, serving as critical infrastructure that supports digital transformation and economic growth.

“As governments and enterprises increasingly acknowledge their significance, global demand for data center capacity is poised to rise. While Africa’s demand for data solutions is still evolving compared to more mature markets, the continent is demonstrating strong potential for digital adoption and innovation.

“To meet this growing need, Equinix is actively advancing three major data center projects in Nigeria, with future expansion plans for Ghana, Côte d’Ivoire, and South Africa.”

Equinix remains steadfast in its mission to enable secure, scalable, and sustainable digital growth for economies across the world.


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African Women Hit Hardest as Mobile Internet Gender Gap Persists

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African women remain among the most digitally excluded globally, with smartphone affordability and digital literacy among the key barriers. New data from the 2025 GSMA Mobile Gender Gap Report, launched recently, reveals a persistent global gender gap in mobile internet use across low- and middle-income countries (LMICs).

It further notes that literacy, digital skills, safety, and affordability of data also remain critical barriers. The report highlights that 885 million women across these regions still do not use mobile internet, with nearly 60% of them living in Sub-Saharan Africa and South Asia.

While mobile internet is the primary way women in LMICs access the internet, offering critical lifelines to health, education, and financial services, the pace of female adoption has stalled, leaving 235 million fewer women than men connected.

Claire Sibthorpe, head of digital inclusion at GSMA, highlighted that the gender gap had narrowed significantly between 2017 and 2020, but progress flatlined in recent years.

Although 2023 brought a slight improvement, restoring the gap to 15%, 2024 saw minimal change, with the gap settling at 14%.

The disparity is most severe in Sub-Saharan Africa, where women are 29% less likely than men to use mobile internet.

“It’s disheartening that progress in reducing the mobile internet gender gap has stalled. The digital divide is driven by deep-rooted socio-economic and cultural factors that disproportionately impact women,” said Sibthorpe.

GSMA projects that closing the gender gap by 2030 could add $1.3 trillion to GDP across LMICs and deliver $230 billion in revenue to the mobile industry.

The report, funded by the UK FCDO, Sida, and the Gates Foundation, stresses the urgent need for targeted investment and policy action to bridge the digital divide and ensure that no woman is left offline.

“The mobile internet gender gap is not going to close on its own. It is driven by deep-rooted social, economic, and cultural factors that disproportionately impact women,” said Sibthorpe.

 


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