In a bid to bolster the efficiency of Nigeria’s electricity supply industry (NESI), President Bola Tinubu has greenlit a reconstitution of the Nigeria Electricity Liability Management Company (NELMCO) Board, signaling a significant shift in its structure. This move, which empowers the Office of the Minister of Power to assume the Board Chairmanship from the Office of the Minister of Finance, underscores NELMCO’s pivotal role in NESI’s operations.
The revamped NELMCO Board comprises esteemed individuals:
Honourable Minister of Power as NELMCO Board Chairman
Honourable Minister of Finance as NELMCO Board Vice-Chairman
Director-General, Debt Management Office, and Director-General, Bureau of Public Enterprises as Members
Mrs. Mojoyinoluwa Dekalu-Thomas appointed as NELMCO Managing Director/CEO for a five-year term
Mr. Joseph Asuku Bello as NELMCO Executive Director, Asset Management, also for a five-year term
Mr. Hassan Yahya designated as NELMCO Executive Director, Corporate Services, for a five-year term
Mr. Abdullahi Mahmud Gaya and Prof. (Mrs) Ayanfemi Ayandele named Non-Executive Directors for three-year terms
President Tinubu’s Renewed Hope Agenda anticipates swift and tangible advancements in managing post-privatization liabilities within the power sector, fostering conditions conducive to achieving world-class operational standards across NESI’s sub-components.
According to Chief Ajuri Ngelale, Special Adviser to the President on Media & Publicity, this strategic move aligns with the administration’s vision for a more robust and efficient electricity supply landscape, reflecting a commitment to national development.
