In a significant move aimed at enhancing the operational efficiency of the Nigeria Electricity Supply Industry (NESI), President Bola Tinubu has given his nod for the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO).
The reconstitution comes with a notable modification to the NELMCO Board structure, signifying a strategic shift in governance. Chief Ajuri Ngelale, Special Adviser to the President on Media & Publicity, made this announcement on March 7, 2024, expressing confidence in the transformative potential of the revamped NELMCO Board.
Under the new arrangement, the Office of the Minister of Power will assume the pivotal role of Chairmanship of the NELMCO Board, previously held by the Office of the Minister of Finance. This change underscores the central role NELMCO plays in the post-privatization management of the power sector’s liabilities.
Key appointments to the reconstituted NELMCO Board include:
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