President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO).
This decision was disclosed by Ajuri Ngelale, the presidential spokesperson, in a statement issued on Thursday.
The restructuring of the NELMCO Board includes a modification to its structure, with the Office of the Minister of Power now taking over the Board Chairmanship from the Office of the Minister of Finance.
This change is aimed at enhancing NELMCO’s role in the Nigeria Electricity Supply Industry (NESI).
The new NELMCO Board structure is as follows:
– Honourable Minister of Power — NELMCO Board Chairman
– Honourable Minister of Finance — NELMCO Board Vice-Chairman
– Director-General, Debt Management Office — Member
– Director-General, Bureau of Public Enterprises — Member
– Mrs. Mojoyinoluwa Dekalu-Thomas — NELMCO Managing Director/CEO (five-year term)
– Mr. Joseph Asuku Bello — NELMCO Executive Director, Asset Management (five-year term)
– Mr. Hassan Yahya — NELMCO Executive Director, Corporate Services (five-year term)
– Mr. Abdullahi Mahmud Gaya — Non-Executive Director (three-year term)
– Prof. (Mrs) Ayanfemi Ayandele — Non-Executive Director (three-year term)
President Tinubu expressed hope that the restructured NELMCO Board would lead to rapid and tangible progress in managing the power sector’s post-privatization liabilities.
The aim is to create conditions for achieving world-class standards of operational efficiency across all NESI sub-components.
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