President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company.
Ajuri Ngelale, presidential spokesperson disclosed this in a statement on Thursday.
Accordingly, the President gave a nod to the restructuring of the board with a modification to the NELMCO Board structure, which empowers the Office of the Minister of Power to take over the Board Chairmanship from the Office of the Minister of Finance, in view of NELMCO’s central role in the operation of the Nigeria Electricity Supply Industry, NESI.
See new structure:
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)
Tinubu hopes that the NELMCO Board’s new structure and composition will yield expeditious and measurable progress in the management of the power sector’s post-privatization liabilities to create conditions for the sustainable attainment of world-class standards of operational efficiency across all sub-components of NESI.