By Damilare Adeleye
President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO) with a modification to its Board structure.
According to a statement by Ajuri Ngelale, the presidential spokesperson, the new amended board composition 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 composition of the board include the Minister of Power as NELMCO Board Chairman, Minister of Finance as Board Vice-Chairman, Director-General of Debt Management Office as Member and Director-General of Bureau of Public Enterprises as Member.
Others are Mrs. Mojoyinoluwa Dekalu-Thomas as NELMCO Managing Director/CEO, Mr. Joseph Asuku Bello as NELMCO Executive Director, Asset Management, Mr. Hassan Yahya as NELMCO Executive Director of Corporate Services, Mr. Abdullahi Mahmud Gaya as Non-Executive Director and Prof. (Mrs) Ayanfemi Ayandele as Non-Executive Director.
“In consonance with his Renewed Hope Agenda, 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),” Ngelale added.