President Bola Ahmed Tinubu has appointed executive and non-executive board members for the newly established Nigerian Independent System Operator (NISO), in line with the Electricity Act of 2023.
Dr. Adesegun Akin-Olugbade has been named Chairman of the board, while Engineer Abdu Mohammed Bello will serve as the Managing Director of the organization.
The President also appointed four Executive Directors to oversee various operational aspects of NISO. They include Engineer Nafisatu Asabe Ali for Systems Operation, Engineer Shehu Abba-Aliyu for Systems Planning, Dr. Edmund Eje for Market Operations, and Mr. Babajide Ibironke for Finance and Corporate Services.
In addition to the executive leadership, five Non-Executive Directors have been appointed to represent different sectors. Engineer Lamu Audu will represent Generation, Mrs. Folake Soetan will stand for Distribution, and Mr. Tajudeen Giwa-Osagie has been selected as the Market Expert. Engineer Sule Ahmed Abdulaziz will represent Transmission, while Alhaji Mahmuda Mamman, Permanent Secretary at the Federal Ministry of Power, also joins the board.
The appointments follow 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 National Council on Privatisation (NCP) will finalize the recruitment process.
NISO was officially established by the Nigerian Electricity Regulatory Commission (NERC) on April 30, 2024, as part of the implementation of the Electricity Act (2023). The Act mandates the unbundling of the Transmission Company of Nigeria (TCN) into a Transmission System Provider (TSP) and an Independent System Operator (ISO). The Bureau of Public Enterprises (BPE) and the Ministry of Finance Incorporated (MOFI) are joint subscribers to NISO, each holding equal equity shares.
