Tinubu Okays Reconstitution of NELMCO Board,  Approves Amended Structure 

.Power minister replaces finance counterpart as chairman of 9-man board

Deji Elumoye in Abuja 

President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO) with a modification to the NELMCO Board structure, which empowers  the Minister of Power to take over the Board Chairmanship from the Minister of Finance, in view of NELMCO’s central role in the operation of the Nigeria Electricity Supply Industry (NESI).

Presidential spokesperson, Ajuri Ngelale, in a statement issued on Thursday listed the new board members of NELMCO to include

Minister of Power as Chairman; Minister of Finance, Vice-Chairman; Director-General, Debt Management Office,  member and

Director-General, Bureau of Public Enterprises, member.

Others are Mrs. Mojoyinoluwa Dekalu-Thomas, Managing Director/CEO (five-year term); Mr. Joseph Asuku Bello, 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), and Prof. (Mrs) Ayanfemi Ayandele,Non-Executive Director (three-year term).

In line 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).