Tinubu Appoints Akin-Olugbade NISO Chairman, Bello As MD

Tinubu Appoints Akin-Olugbade as NISO Chairman, Bello as Managing Director

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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:

Engineer Nafisatu Asabe Ali – Director of Systems Operation
Engineer Shehu Abba-Aliyu – Director of Systems Planning
Dr. Edmund Eje – Director of Market Operations
Mr. Babajide Ibironke – Director of Finance and Corporate Services

Non-Executive Board Members Confirmed

The newly appointed non-executive directors represent various sectors within the power industry:

Engineer Lamu Audu – Representing Generation
Mrs. Folake Soetan – Representing Distribution
Mr. Tajudeen Giwa-Osagie – Market Expert
Engineer Sule Ahmed Abdulaziz – Representing Transmission
Alhaji Mahmuda Mamman – Permanent Secretary, Federal Ministry of Power

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:

Transmission System Provider (TSP)
Independent System Operator (ISO)

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

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