President Bola Ahmed Tinubu has given the green light for the reconstitution and restructuring of the Governing Board of the FGN Power Company, as part of efforts to advance the Presidential Power Initiative (PPI) and achieve comprehensive modernization of Nigeria’s electric power transmission grid.
This development was announced by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity.
He said: “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.”
In accordance with the President’s directive, the following individuals have been appointed to the newly restructured board:
- Honourable Minister of Power: Board Chairman, FGN Power Company
- Honourable Minister of Finance: Board Vice-Chairman, FGN Power Company
- Managing Director/CEO, FGN Power Company: Member
- Director-General, Bureau for Public Enterprises: Member
- Managing Director, Transmission Company of Nigeria (TCN): Member
- Distribution Companies’ Representative: Member
- Generation Companies’ Representative: Member
- President, Nigerian Society of Engineers (NSE): Member
Ngelale emphasized that President Tinubu has endorsed these changes with the expectation that the leaner structure will enhance organizational agility and efficiency. The aim is to facilitate the complete modernization of Nigeria’s electric power transmission grid in collaboration with Siemens Energy, ultimately benefiting all Nigerians.
