- The minister of finance, Kemi Adeosun, has been appointed as chairman of the NBET
- This is contained is a statement signed by the director of information, ministry of finance, Hassan Dodo
- Dodo said the minister of power, works and housing, Babatunde Fashola, will serve as non-executive director
The federal government of Nigeria has announced the reconstitution of the Board of Directors of Nigeria Bulk Electricity Trading (NBET). The government also appointed the minister of finance, Kemi Adeosun, as chairman of the company.
The Punch reports that the announcement is contained in a statement issued by the director of information, ministry of finance, Hassan Dodo.
Legit.ng gathered that the statement read that the reconstituted NBET board was ratified by the acting president, Yemi Osinbajo.
The minister of power, works and housing, Babatunde Fashola will serve as non-executive director.
Other non-executive directors in the NBET board include director-general of debt management office patience Oniha; director-general of budget office of the federation, Ben Akabueze and the managing director of asset management company of Nigeria, Ahmed Kuru.
Meanwhile, Legit.ng had reported that the NERC promised that it would address the issue of tariff computation in view to solve the problems bedevilling it.
Professor James Momoh, NERC’s chairman, said that all needed calculations on electricity tariff will be done only by the commission so as to ascertain the proper amounts to be paid by consumer throughout the country.
The NERC boss stressed that power tariff challenges were solvable, adding that his team would utilise lessons garnered over time deal with problems confronting the power sector.
In a related development, Nigeria’s power, works and housing minister, Babatunde Fashola, reassured the people of the country that they would experience steady power supply just as he explained that the federal government was making efforts in that direction.
Fashola reportedly spoke at the 25th monthly power sector meeting on Monday, March 12, in Uyo, Akwa Ibom state.
According to him, the power sector recovery programme put in place by the ministry and other stakeholders was beginning to yield results.
Acting president Osinbajo declares 24-hour electricity in Aba market - on Legit.ng TV: