Public Notices

This was disclosed in a statement issued by Laolu Akande, his spokesman, on Sunday.

The company has been running without a duly constituted board since the first one was inaugurated in 2013 and dissolved shortly after.

In his remarks at the inauguration, Osinbajo said the new board would enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for electricity distribution companies (DisCos), among other challenges plaguing Nigeria’s power sector.

“Today’s inauguration marks an important milestone in the bid to resolve the liabilities relating to tariff shortfalls in the power sector (specifically for distribution companies), and to provide a veritable mechanism for managing the very dynamic nature of the liquidity challenges of the power sector in Nigeria,” Osinbajo was quoted as saying.

“This ceremony formally brings on board the invaluable skills and experience of notable and highly respected personalities as members of the board of NELMCO.”

On the expectations for the new board, the vice-president told the members to make conscious and deliberate efforts to develop appropriate strategies to facilitate the successful conclusion of the outstanding pre-Privatisation issues of the defunct PHCN, and ensure an effective implementation of NELMCO’s additional mandate to resolve the tariff shortfall problems of DisCos.

He urged them to continue to give credence to the federal government of Nigeria’s economic development programme in a transparent, sustainable, credible and acceptable manner.

“The board is required to take appropriate steps to also ensure that the interests of the various segments of our society, particularly the ordinary citizens, are protected in the implementation of NELMCO’s mandate,” he added.

Osinbajo also urged members “to diligently carry out the responsibilities assigned to the board in accordance with the provisions of the memorandum and articles of association (MEMART) of the company”.

Meanwhile, members of the board include:

Zainab Ahmed, Minister of Finance

Abubakar Aliyu, Minister of Power

Alex Okoh, Director-General of Bureau for Public Enterprises (BPE)

Patience Oniha, Director-General of Debt Management Office (DMO)

Bayo Fagbemi, Managing Director of NELMCO

Muhammad Aliyu Jumma’a

Olufunso Olutola Olukoga

Chinedum Orisakwe

Mojoyinoluwa Dekalu-Thomas

Nurain Hassan Ibrahim.

 

The Bureau of Public Service Reforms (BPSR), has commended the Federal Government for constituting the Governing Board of Nigeria Electricity Liability Management Company Ltd. (NELMCO) in line with the bureau’s recommendation.

Mr Dasuki Arabi, the Director-General of the bureau, made the commendation in a statement issued by Aliyu Umar-Aliyu, the Head, Strategic Communication, BPSR, on Wednesday in Abuja.

He said that the bureau made the recommendation after it successfully deployed self-assessment tool to NELMCO, as part of its reform process.

The D-G recalled that BPSR certified NELMCO after it met the necessary requirements in line with the self-assessment tool adopted by the bureau.

He said that NELMCO came out with 86 per cent score after the assessment for its transparent operations and management of liabilities.

“The self-assessment tool is giving them the opportunity to see their weaknesses and see their strengths.

“We have jointly assessed the agency, we have noticed lots of issues and problems that they need to address, we have guided them.

“We are going to provide a team of resource persons including our in-house resource persons that will help them implement recommendations, and after six months we will come back to see how far they have gone.

“NELMCO is one of the points of success in public service delivery in Nigeria. We are happy with what we are seeing, and we are celebrating them,” Arabi said.

He said that the focus of the bureau was to revolutionise and improve quality of public service delivery in consonance with the Open Government Partnership that “Nigeria is committed to’’.

The News Agency of Nigeria (NAN) reports that Managing Director of NELMCO, Mr Adebayo Fagbemi, recently told journalists that the agency had saved N91billion and cleared the liabilities of the defunct PHCN that accumulated before its privatisation in 2013.

The new NELMCO board will be headed by Minister of Finance, Budget and National Planning, Zainab Ahmed, with Minister of Power, Aliyu Abubakakar; Director-General, BPE, Alex Okoh; and Director-General, Debt Management Office, Patience Oniha, as members.

The board will also have the Managing Director, NELMCO, all its executive directors and two persons from the private sector. (NAN) 

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