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Tinubu Approves Reconstitution Of NELMCO Board, Amends Structure

MetroBusinessNews

President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO).

The reconstitution comes with the modification of the NELMCO Board structure, which 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).

This was contained in a statement released by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Thursday.

He said the President Tinubu anticipates that 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).

List of the reconstituted board members:

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)

A strategic cross-reporting initiative.

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