President Bola Ahmed Tinubu has appointed executive and non-executive board members for the newly established Nigerian Independent System Operator (NISO).
The appointments was disclosed in a statement issued by his spokesman, Chief Bayo Onanuga on Wednesday.
He said Dr. Adesegun Olugbade has been appointed as the board chairman, while Engineer Abdu Mohammed Bello will serve as Managing Director.
The President also appointed four Executive Directors: 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.
The National Council on Privatisation (NCP) will finalise the recruitment process.
These appointments according to Bayo Onanuga is in line 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”, the statement reads.
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