President Bola Tinubu has approved the reconstitution and amended structure of the Governing Board of the FGN Power Company, which is tasked with implementing the accelerated performance agreement with Siemens Energy.
Ajuri Ngelale, Special Adviser to the President on media and publicity disclosed this ina statement on Thursday.
He said the reconstitution of the board was in furtherance of Tinubu’s landmark effort to achieve the full end-to-end modernization of the nation’s electric power transmission grid as part of the Presidential Power Initiative (PPI).
According to Ngelale, by the President’s directive, the Chairmanship of the FGN Power Company Board has been assigned to the Office of the Minister of Power.
The new Chairman of the board is the Minister of Power, Chief Adebayo Adelabu while Me Wale Edun, the Minister of Finance will serve as board Vice-Chairman, FGN Power Company.
Members of the board are the Managing Director/CEO, FGN Power Company, Director-General, Bureau for Public Enterprises and the Managing Director, Transmission Company of Nigeria (TCN).
Also to be on the board are the Distribution Companies’ Representative, Generation Companies’ Representative and President, Nigerian Society of Engineers (NSE).
” Furthermore, the President has approved the removal of the Steering Committee from the governance framework of the FGN Power Company with full oversight powers granted to the Office of the Minister of Power.
“President Tinubu has approved the aforementioned changes with the full expectation that the leaner structure will provide greater organizational agility and efficiency in delivering the complete modernization of the nation’s electric power transmission grid in collaboration with Siemens Energy for the benefit of all Nigerians, ” Ngelale said. (vitalnewsngr. com)
