Tinubu appoints board members for Nigerian Independent System Operator

President Bola Tinubu has appointed executive and non-executive board members for the Nigerian Independent System Operator (NISO).

This comes nearly a year after the Nigerian Electricity Regulatory Commission (NERC) unbundled the Transmission Company of Nigeria (TCN) by establishing the NISO.

In a statement on Wednesday, Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu appointed Adesegun Olugbade as board chairman, while Abdu Mohammed Bello was named managing director of the organisation.

Onanuga said the president also appointed four executive directors.

The directors include Nafisatu Asabe Ali for systems operation, Shehu Abba-Aliyu for systems planning, Edmund Eje for market operations, and Babajide Ibironke for finance and corporate services.

“The Non-Executive Directors include Engineer Lamu Audu, representing Generation; Mrs Folake Soetan for Distribution; Mr Tajudeen Giwa-Osagie as Market Expert; Engineer Sule Ahmed Abdulaziz for Transmission, and Alhaji Mahmuda Mamman, Permanent Secretary at the Federal Ministry of Power,” the statement reads.

“The National Council on Privatisation (NCP) will finalise the recruitment process.

“These appointments align with the Electricity Act of 2023. They followed a memorandum from Vice President Kashim Shettima and a rigorous selection process conducted by the Independent Board Nomination Committee (IBNC) in collaboration with Phillips Consulting Limited.”

Onanuga said the creation of NISO is a crucial requirement of the Electricity Act of 2023, which mandates the separation of the TCN into a Transmission System Provider (TSP) and an Independent System Operator (ISO).

“The Nigerian Electricity Regulatory Commission (NERC) officially established NISO on April 30, 2024,” he added.

According to the statement, the Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) are its subscribers, each holding equal equity shares.