President Bola Ahmed Tinubu has appointed executive and non-executive board members for the newly established Nigerian Independent System Operator (NISO).
Tinubu, in a statement on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga, announced the appointment of Dr. Adesegun Olugbade as the board chairman, while Engineer Abdu Mohammed Bello, was appointed Managing Director.
The President has also appointed four Executive Directors: Engineer Nafisatu Asabe Ali for Systems Operation, Engineer Shehu Abba-Aliyu for Systems Planning, Dr. Edmund Eje for Market Operations, and Mr. Babajide Ibironke for Finance and Corporate Services.
The Non-Executive Directors include Engineer Lamu Audu, representing Generation; Mrs Folake Soetan for Distribution; Mr Tajudeen Giwa-Osagie as Market Expert; Engineer Sule Ahmed Abdulaziz for Transmission, and Alhaji Mahmuda Mamman, Permanent Secretary at the Federal Ministry of Power.
The statement said that the National Council on Privatisation (NCP) would finalise the recruitment process.
It noted that the appointments which align with the Electricity Act of 2023, followed a memorandum from Vice President Kashim Shettima and a rigorous selection process conducted by the Independent Board Nomination Committee (IBNC) in collaboration with Phillips Consulting Limited.
It would be recalled that on April 30, 2024, the Nigerian Electricity Regulatory Commission (NERC) unbundled the Transmission Company of Nigeria into two entities: the Nigerian Independent System Operator of Nigeria (NISO) and the Transmission Service Provider (TSP), as mandated by the Electricity Act 2023, to improve the power sector’s efficiency and grid reliability.
It should be noted that the Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) are its subscribers, each holding equal equity shares.
