President Bola Ahmed Tinubu has granted approval for the restructuring of the Nigeria Electricity Liability Management Company (NELMCO) Board. This development was communicated in a statement released on Thursday by Ajuri Ngelale, Special Adviser on Media and Publicity to Tinubu.
According to Ngelale, the reconstitution involves a modification to the NELMCO Board structure, transferring the Chairmanship from the Office of the Minister of Finance to the Office of the Minister of Power. This adjustment reflects NELMCO’s pivotal role in the Nigeria Electricity Supply Industry (NESI).
Ngelale emphasized that President Tinubu envisions that the revamped NELMCO Board, with its altered structure and composition, will facilitate swift and measurable progress in managing post-privatization liabilities in the power sector. The goal is to establish conditions conducive to achieving world-class operational efficiency standards across all facets of the Nigeria Electricity Supply Industry (NESI) in line with Tinubu’s Renewed Hope Agenda.
The reconstituted board members are as follows:
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