President Bola Ahmed Tinubu has approved the reconstitution and restructuring of the Governing Board of the FGN Power Company, a critical entity charged with executing the accelerated performance agreement with Siemens Energy, as part of the Presidential Power Initiative (PPI) aimed at modernizing the nation’s electric power transmission grid.
In a statement released to journalists by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, Tinubu’s directive emphasized his commitment to advancing the comprehensive modernization of Nigeria’s power infrastructure.
Ngelale revealed the key changes made to the FGN Power Company Board, stating, “The President has 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 board members include:
(1) Honourable Minister of Power — Board Chairman, FGN Power Company
(2) Honourable Minister of Finance — Board Vice-Chairman, FGN Power Company
(3) Managing Director/CEO, FGN Power Company — Member
(4) Director-General, Bureau for Public Enterprises — Member
(5) Managing Director, Transmission Company of Nigeria (TCN) — Member
(6) Distribution Companies’ Representative — Member
(7) Generation Companies’ Representative — Member
(8) President, Nigerian Society of Engineers (NSE) — Member
He said: “The President has 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.
“President Tinubu has 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.”
