President Bola Tinubu has appointed executive and non-executive board members for the newly established Nigerian Independent System Operator (NISO).
A statement released on Wednesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed new appointments.
Dr. Adesegun Akin-Olugbade has been appointed as the board chairman, while Engineer Abdu Mohammed Bello will serve as Managing Director.
Additionally, four Executive Directors have been appointed: 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 for 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.
Onanuga further explained that the National Council on Privatisation (NCP) will finalize the recruitment process.
“These appointments are in line with the Electricity Act of 2023. They followed a memorandum from Vice President Kashim Shettima and a thorough selection process carried out by the Independent Board Nomination Committee (IBNC) in collaboration with Phillips Consulting Limited.
“The establishment of NISO fulfills a key provision of the Electricity Act (2023), which mandates 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) formally established NISO on April 30, 2024. The Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) are the entity’s subscribers, each holding equal equity shares,” the statement added.
