President Bola Tinubu has appointed Dr. Adesegun Akin-Olugbade as the chairman of the newly established Nigerian Independent System Operator (NISO).
He also appointed Engr. Abdu Mohammed Bello as the organisation’s Managing Director.
The Special Adviser on Information and Strategy, Bayo Onanuga, who disclosed this in a statement on Wednesday in Abuja, said President Tinubu equally appointed executive directors and non-executive directors for NISO.
The Executive Directors are –Engr. Nafisatu Asabe Ali (Systems Operation), Engr. Shehu Abba-Aliyu (Systems Planning), Dr. Edmund Eje (Market Operations), and Mr. Babajide Ibironke (Finance and Corporate Services).
The Non-Executive Directors are Engr. Lamu Audu (Generation), Mrs. Folake Soetan (Distribution), Mr Tajudeen Giwa-Osagie (Market Expert), Engr. Sule Ahmed Abdulaziz (Transmission), and Alhaji Mahmuda Mamman, Permanent Secretary at the Federal Ministry of Power.
The statement read: “These appointments align with the Electricity Act of 2023 and 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.
“The creation of NISO fulfills a key mandate of the Electricity Act (2023), which requires the unbundling of the Transmission Company of Nigeria (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. The Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) are its subscribers, each holding equal equity shares.”