Tinubu Appoints Board For Nigerian Independent System Operator
President Bola Tinubu has appointed executive and non-executive board members for the newly established Nigerian Independent System Operator (NISO).
The president named Dr. Adesegun Olugbade as board chairman while Engineer Abdu Mohammed Bello was appointed Managing Director.
Tinubu also appointed four executive directors, namely Engineer Nafisatu Asabe Ali for Systems Operation, Engineer Shehu Abba-Aliyu for Systems Planning, Dr. Edmund Eje for Market Operations, and Mr. Babajide Ibironke for Finance and Corporate Services.
The non-executive directors include Engineer Lamu Audu, representing Generation; Mrs Folake Soetan for Distribution; Mr Tajudeen Giwa-Osagie as Market Expert; Engineer Sule Ahmed Abdulaziz for Transmission, and Alhaji Mahmuda Mamman, Permanent Secretary at the Federal Ministry of Power.
Presidential spokesperson, Bayo Onanuga, announced the appointments on Wednesday, said the National Council on Privatisation (NCP) will finalise the recruitment process.
“These appointments align with the Electricity Act of 2023. They followed a memorandum from Vice President Kashim Shettima and a rigorous selection process conducted by the Independent Board Nomination Committee (IBNC) in collaboration with Phillips Consulting Limited.
“The creation of NISO fulfils a key mandate of the Electricity Act (2023), which requires the unbundling of the Transmission Company of Nigeria (TCN) into a Transmission System Provider (TSP) and an Independent System Operator (ISO).
“The Nigerian Electricity Regulatory Commission (NERC) officially established NISO on April 30, 2024. The Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) are its subscribers, each holding equal equity shares,” Onanuga’s statement read.
Tinubu Appoints Board For Nigerian Independent System Operator is first published on The Whistler Newspaper
