President Bola Tinubu, Thursday, reconstituted and amended structure of the Governing Board of the FGN Power Company. The Board is tasked with implementing the accelerated performance agreement with Siemens Energy.
A release issued by the Special Adviser to the President on Media and Publicity, Mr. Ajuri Ngelale, stated that the President’s action was in “furtherance of his 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).”
The Board, according to Ngelale, has as Chairman the Minister of Power.
Below is the full list of the reconstituted:
(1) Honourable Minister of Power — Board Chairman, FGN Power Company
(2) Honourable Minister of Finance — Board Vice-Chairman, FGN Power Company
(3) Managing Director/CEO, FGN Power Company — Member
(4) Director-General, Bureau for Public Enterprises — Member
(5) Managing Director, Transmission Company of Nigeria (TCN) — Member
(6) Distribution Companies’ Representative — Member
(7) Generation Companies’ Representative — Member
(8) President, Nigerian Society of Engineers (NSE) — Member
That’s not all. President Tinubu has also removed 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.
Ngelale said: “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.”