President Bola Tinubu has appointed Dr. Adesegun Akin-Olugbade as Chairman of the Board and Abdu Bello as Managing Director of the newly formed Nigerian Independent System Operator (NISO).
He also named executive and non-executive board members for the organization.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, announced the appointments in a statement on Wednesday titled “President Tinubu Approves Board Members for the Nigerian Independent System Operator.”
Tinubu appointed four Executive Directors: Nafisatu Ali (Systems Operation), Shehu Abba-Aliyu (Systems Planning), Dr. Edmund Eje (Market Operations), and Mr. Babajide Ibironke (Finance and Corporate Services).
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The Non-Executive Directors include Lamu Audu (Generation), Mrs. Folake Soetan (Distribution), Mr. Tajudeen Giwa-Osagie (Market Expert), Sule Abdulaziz (Transmission), and Mahmuda Mamman, Permanent Secretary of the Federal Ministry of Power.
The National Council on Privatisation will oversee the final recruitment process.
Onanuga stated that the appointments align with the Electricity Act of 2023, following a memorandum from Vice President Kashim Shettima and a rigorous selection process led by the Independent Board Nomination Committee in collaboration with Phillips Consulting Limited.
He emphasized that NISO’s creation fulfills a key mandate of the Electricity Act (2023), which mandates the unbundling of the Transmission Company of Nigeria into a Transmission System Provider and an Independent System Operator.
The Nigerian Electricity Regulatory Commission officially established NISO on April 30, 2024.
The Bureau of Public Enterprises and the Ministry of Finance Incorporated are the company’s shareholders, each holding equal equity stakes.
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