President Bola Tinubu has accepted the reconstitution and amended construction of the Governing Board of the FGN Energy Firm, which is tasked with implementing the accelerated efficiency settlement with Siemens Vitality.
The restructuring is in furtherance of the federal authorities’s effors to attain the complete end-to-end modernization of the nation’s electrical energy transmission grid as a part of the Presidential Energy Initiative (PPI).
With the president’s directive, the Chairmanship of the FGN Energy Firm Board has been assigned to the Workplace of the Minister of Energy.
Others are the Minister of Finance to function Board Vice-Chairman, FGN Energy Firm and Managing Director/CEO, FGN Energy Firm — Member, Director-Common, Bureau for Public Enterprises — Member, Managing Director, Transmission Firm of Nigeria (TCN) — Member and Distribution Firms’ Consultant — Member
Others are Technology Firms’ Consultant — Member and President, Nigerian Society of Engineers (NSE) Member
The President additionally accepted the elimination of the Steering Committee from the governance framework of the FGN Energy Firm with full oversight powers granted to the Workplace of the Minister of Energy.
A press release by Ajuri Ngelale, presidential spokesman on Thursday, famous that the aforementioned modifications with the complete expectation that the leaner construction will present better organizational agility and effectivity in delivering the whole modernization of the nation’s electrical energy transmission grid in collaboration with Siemens Vitality for the good thing about all Nigerians.
