President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO) with a modification to the NELMCO Board structure.
Tinubu’s Spokesperson, Chief Ajuri Ngelale who disclosed this in a statement on Thursday said, the modification 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).
The new Board Members are 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).
Ngelale said, in consonance with his Renewed Hope Agenda, President Tinubu anticipates 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 the Nigeria Electricity Supply Industry (NESI).
