Following the Renewed Hope Agenda, President Bola Ahmed Tinubu has given his approval for the reformation of the Nigeria Electricity Liability Management Company (NELMCO) Board. The announcement was conveyed in a statement released on Thursday by Ajuri Ngelale, Special Adviser on Media and Publicity to Tinubu.
The restructuring involves a modification to the NELMCO Board’s composition, transferring the Chairmanship from the Office of the Minister of Finance to the Office of the Minister of Power. This adjustment reflects the pivotal role NELMCO plays in the Nigeria Electricity Supply Industry (NESI).
Ngelale stated, “In alignment with his Renewed Hope Agenda, President Tinubu envisions that the revised structure and makeup of the NELMCO Board will facilitate swift and measurable advancements in managing post-privatization liabilities within the power sector. This is aimed at creating conditions for achieving sustainable world-class operational efficiency across all facets of the Nigeria Electricity Supply Industry (NESI).”
The reconstituted board comprises:
• 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)