FG restructures NELMCO board, appoints new MD/CEO

As part of efforts to tackle the challenges of the Nigerian power sector, President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO).

The President on Thursday also approved 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).

With the modification, the Honourable Minister of Finance will serve as the Vice Chairman of the NELMCO Board.

Other members of the board include the Director-General, Debt Management Office, Director-General, Bureau of Public Enterprises.

The President also appointed Mrs. Mojoyinoluwa Dekalu-Thomas as the new Managing Director/CEO for a five-year term.

Similarly, Mr. Joseph Asuku Bello, Mr. Hassan Yahya, Mr. Abdullahi Mahmud Gaya, Prof. (Mrs) Ayanfemi Ayandele were appointed as Directors.

The President charged the board to yield expeditious and measurable progress in the management of the power sector’s post-privatisation liabilities to create conditions for the sustainable attainment of world-class standards of operational efficiency across all sub-components of the Nigeria Electricity Supply Industry (NESI).