FGN Power Company reconstitutes new eight-man board

President Bola Tinubu has approved the reconstitution and amended structure of the Governing Board of the FGN Power Company, which is tasked with implementing the accelerated performance agreement with Siemens Energy. The latest move, according to a release issued on Thursday by presidential spokesperson, Ajuri Ngelale, is in furtherance of the President’s landmark effort to achieve the full end-to-end modernization of the nation’s electric power transmission grid as part of the Presidential Power Initiative (PPI). By the President’s directive, the Chairmanship of the FGN Power Company Board has been assigned to the Office of the Minister of Power. Other members of the board include the Minister of Finance,  Board Vice-Chairman; Managing Director/CEO, member; Director-General, Bureau for Public Enterprises, member and Managing Director, Transmission Company of Nigeria (TCN), member. Other Board members are Distribution Companies’ representatives; the Generation Companies’ representatives and the Presidentof,the Nigerian Society of Engineers (NSE). The President 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.