President Tinubu Announces Leadership for Nigerian Independent System Operator (NISO) ABUJA — President Bola Tinubu has announced key appointments for the newly formed Nigerian Independent System Operator (NISO), solidifying its leadership structure in compliance with the Electricity Act of 2023. Akin-Olugbade and Bello to Lead NISO In an official statement released by the presidential spokesman, Bayo Onanuga, Dr. Adesegun Akin-Olugbade has been appointed as the Chairman of the NISO board, while Engineer Abdu Mohammed Bello will serve as the Managing Director. Additionally, four Executive Directors have been named to oversee critical operations within the agency: Non-Executive Board Members Confirmed The newly appointed non-executive directors represent various sectors within the power industry: These appointments, according to the official statement, were made following a meticulous selection process conducted by the Independent Board Nomination Committee (IBNC) in collaboration with Phillips Consulting Limited. Compliance with the Electricity Act (2023) The establishment of NISO is a significant step in restructuring Nigeria’s power sector. Under the Electricity Act of 2023, the Transmission Company of Nigeria (TCN) has been divided into two separate entities: The Nigerian Electricity Regulatory Commission (NERC) formally inaugurated NISO on April 30, 2024. The Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) serve as its primary shareholders, each holding equal equity stakes. Next Steps: NCP to Finalize Recruitment The National Council on Privatisation (NCP) will oversee the final phase of the recruitment process for NISO’s management team. This move is expected to strengthen the agency’s capacity to enhance electricity distribution and grid stability across Nigeria. For further details, visit NERC Official Website. NERC Official Website READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
