.Two Winners to share N7 million Naira
The Lagos State Government has announced the frontrunners that will participate in the final hackathon design event slated for 16th through 18th September 2020. The State Governor, Mr. Babajide Sanwo-Olu is expected to announce the overall winner from each competing entries in hardware and software categories at the Grand Finale, at the Eko Innovative Centre, in Victoria Island, Lagos.
Five contenders each emerged from both categories of the competition, and the two winners will share the prize money of seven million naira.
Finalists were shortlisted after a transparent, rigorous, and competitive process. Hackathon received two hundred and seventy-four (274) registrations or entries; one hundred and twenty-seven (127) of which bid in hardware category, while one hundred and forty-seven (147) competed in software group. However, only sixty-five (65) hardware and software prototypes were submitted by applicants. The shortlisted five finalists from hardware category are Cosmo Automation, Smart Energy, Techwizard, Power Bit Cruchers and Gadozz Electricals, while the five software finalists are: Vectorians, Zeena Platform, Magnitronics, Chosen Soft Tech, and Gideon.
This Initiative of the Ministry of Energy and Mineral Resources is aimed at providing affordable electricity meters to the populace by facilitating the design and production of meters that will accelerate efforts towards achieving improvement in energy distribution, monitoring, and prevention of revenue leakage.
Suffice to state it here that over 60 per cent of Lagosians and Nigerians are estimated to be unmetered due to unavailability and the high cost of meter acquisition. The Lagos State Government is therefore leveraging bright local talents to design and produce affordable smart electricity meters.
Speaking on the Hackathon judging process, Mrs. Doja Ekeruche, Advisory Board Member, Eko Innovation Centre, curators of the Hackathon, noted that 19 judges with expertise in the power and tech ecosystem participated in the shortlisting process that produced the finalists.
“We asked companies in the Energy and Tech ecosystem to nominate representatives to serve on the selection panel, tasked with shortlisting the top five finalists from both hardware and software tracks to proceed to the final hackathon events,” she explained.
She added: “At the end of the shortlisting phase, a session was held with the judges to discuss the reviewing process, and an analytics team ranked the submissions by all judges to arrive at the top finalists.”
It should be noted that during the launch of the programme on July 30th, 2020 by Lagos State Governor Babajide Olusola Sanwo-Olu, he noted that the Smart Meter Hackathon Initiative marked a significant milestone in the implementation of the State Government’s plan towards improving access to electricity as it aligned with the Sustainable Development Goal 7 of the United Nations targeted at achieving universal access to affordable, reliable, sustainable, and modern energy for all by 2030.
At the virtual launch, while stating his resolved to achieve SDG in Lagos, he added that the initiative “fits well within the six pillars of the development agenda of his administration (T.H.E.M.E.S), which includes driving technology-driven innovations to transform Lagos into a 21st-century digital economy and Smart City. This Lagos Smart Meter Program is an important way for the Lagos Government to demonstrate its commitment to improving electricity access and reliability for Lagosians. 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.” he stated.
And, at the same ceremony held, the Minister of State, Federal Ministry of Power, Goddy Jedy-Agba stated in his keynote address that the local design and production of affordable meters would help transform the power sector and the economy at large. He urged all stakeholders to support the initiative, stressing that getting access to electricity right in Lagos “is critical for access to electricity in the entire country, considering the state's population and economic landscape.”
The convener of the Lagos Smart Meter Hackathon, the Honourable Commissioner for Energy and Mineral Resources, Lagos State, Mr. Olalere Odusote, added his voice that the initiative was expected to provide access to affordable smart meters for Lagosians to improve electricity supply, monitoring, and trust between electricity providers and end-users while preventing revenue leakage.
In his words at the Launch, the Hon Commissioner stated “the initiative is expected to drive innovation and creativity while generating new interest in young people for the sector. Over the years, despite significant investments and resolutions along the electricity value chain, there remains a huge metering gap of over 60% of electricity consumers in Lagos and Nigeria. This metering gap is what we are seeking to bridge through the Lagos Smart Meter Hackathon. In line with the objectives of the Babajide Olusola Sanwo-Olu (BOS) Administration to make Lagos a 21st-century economy, we have identified the need to intervene and support the facilitation of effective metering across the state, to ensure the provision of reliable electricity for Lagosians and Nigerians in the long-term.”
The Lagos Smart Meter Hackathon 2020 is convened by the Lagos State Ministry of Energy & Mineral Resources; curated by Eko Innovation Centre; sponsored by Access Bank Plc, Egbin Power, Ikeja Electric Distribution Company, Mojec International, Eko Electric Distribution Company, MOMAS Electricity Meters Manufacturing Company, ElSewedy Electric, Royal Power & Energy, Venture Garden Group, InfraCredit, Axxela Limited; and supported by The Lagos State Office of Innovation and Technology, Lagos State Employment Trust Fund (LSETF), the Nigerian Electricity Management Services Agency (NEMSA), Africa Fintech Foundry (AFF), Oracle, IBM, General Electric, Business Day and Accelerate TV.