President Tinubu Reconstitutes Board Of Directors Of FGN Power Company
As part of the Presidential Power Initiative (PPI), President Bola Tinubu has approved the reconstitution and amended structure of the Governing Board of the Federal Government Power Company, tasked with implementing the accelerated performance agreement with Siemens Energy.
By the President’s directive, the Chairmanship of the FGN Power Company Board has been assigned to the Office of the Minister of Power, who shall be the Board Chairman with the Minister of Finance as Vice-Chairman of the Company.
Other members include; the Managing Director/CEO of FGN Power Company, Director-General, Bureau for Public Enterprises, Managing Director, Transmission Company of Nigeria (TCN), Distribution Companies’ Representative,
Generation Companies’ Representative and the President, Nigerian Society of Engineers (NSE).
A statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, said that President Tinubu also 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.
The statement further said that Tinubu equally 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.
