President Bola Ahmed Tinubu has approved the appointment of executive and non-executive board members for the newly established Nigerian Independent System Operator (NISO).
In a statement issued yesterday in Abuja, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, announced that Dr. Adesegun Akin-Olugbade has been appointed as the Chairman of the NISO board, while Abdu Mohammed Bello will serve as the Managing Director.
The President also named four executive directors: Nafisatu Asabe Ali (Systems Operation), Shehu Abba-Aliyu (Systems Planning), Dr. Edmund Eje (Market Operations), and Mr. Babajide Ibironke (Finance and Corporate Services).
For non-executive positions, Lamu Audu has been appointed to represent Generation, Mrs. Folake Soetan for Distribution, and Mr. Tajudeen Giwa-Osagie as a market expert. Additionally, Sule Ahmed Abdulaziz will represent Transmission, while Alhaji Mahmuda Mamman, the Permanent Secretary in the Federal Ministry of Power, will also serve on the board.
According to the statement, the National Council on Privatisation (NCP) will oversee the final stages of the recruitment process.
The appointments align with the provisions of the Electricity Act of 2023, which mandated the unbundling of the Transmission Company of Nigeria (TCN) into a Transmission System Provider (TSP) and an Independent System Operator (ISO).
The creation of NISO, formally established by the Nigerian Electricity Regulatory Commission (NERC) on April 30 last year, represents a significant milestone in Nigeria’s ongoing power sector reforms.
