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Tinubu Appoints New Management Team For FGN Power Company

Published

10 months ago

Mar 1, 2024.

Eko Hot Blog reports that President Bola Tinubu has appointed new members of the management team of the FGN Power Company Limited.

The president’s spokesperson, Ajuri Ngelale, disclosed the development in a statement on Friday.

He said the appointments were approved in recognition of the critical role of power supply in driving enterprise and industrial development.

“In recognition of the critical role of power supply in driving enterprise and industrial development, and as a part of comprehensive efforts to reform the power sector and ensure energy security for all Nigerians, President Bola Tinubu has approved the appointment of new members of the management team of the FGN Power Company Limited,” the statement reads in part.

The new management team includes:

(1) Managing Director/Chief Executive Officer (CEO) – Kenny Osebi Anuwe (reappointed)

(2) Company Secretary/Legal Advisor – Prof Mamman Lawal (reappointed)

(3) Chief Technical Officer (CTO) – Ebenezer Olawale Fapohunda

(4) Chief Commercial Officer (CCO) – Babatunde Daramola Oniru

(5) Chief Financial Officer (CFO) – Julius Oyekola Olabiyi

FGN Power Company

According to Ngelale, Tinubu is hopeful that the new FGN management team will to realize the core objectives of the Presidential Power Initiative (PPI) in close collaboration with Siemens Energy through a holistic overhaul, modernization, and expansion of the national grid.

“The President anticipates that with the full constitution of the management team, the FGN Power Company Limited will work assiduously to realize the core objectives of the Presidential Power Initiative (PPI) in close collaboration with Siemens Energy through a holistic overhaul, modernization, and expansion of the national grid and other critical measures to ensure the growth of the Nigeria Electricity Supply Industry (NESI),” he added.

The Presidential Power Initiative (PPI) was conceived during a meeting between the former President Muhammadu Buhari and former German Chancellor, Angela Merkel on August 31, 2018, in pursuit of a lasting solution to Nigeria’s electricity challenges.

The FGN Power Company was established as a special purpose vehicle to secure financing, effectively coordinate stakeholders, enter into commercial and contractual arrangements to implement the PPI.

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