- President Muhammadu Buhari has approved the renewal of some of his appointees
- The appointment of Mr Joseph Chiedu Ugbo as the Managing Director of Niger Delta Power Holding Company has been renewed
- The appointment of Babayo Shehu and Ifeoluwa Oyedele as executive directors of the NDPHC were also renewed
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President Muhammadu Buhari has approved the renewal of the appointment of Mr Joseph Chiedu Ugbo as the Managing Director of Niger Delta Power Holding Company (NDPHC).
The president also approved the reappointment of Messrs Babayo Shehu and Ifeoluwa Oyedele as executive directors of the NDPHC respectively.
A statement by the spokesperson to Vice President Yemi Osinbajo, Laolu Akande, sent to journalists on Thursday, August 20 revealed that the renewal will take effect from Tuesday, August 25, for a period of four years.
“The appointment of three additional directors have also been approved for more effective and efficient coverage of the company’s areas of activity,” the statement revealed.
Experts say the management of the NDPHC have done well and deserve to be reappointed.
In 2017, the Solar Home Systems Initiative of the NDPHC - in partnership with the private sector - installed pay-as-you-go solar systems in 20,000 low-income/rural households. The initiative also included training for community technicians.
In January 2018, the NDPHC commissioned a 2x7.5 MVA, 33KV Injection Substation in Nasarawa state.
In May 2019, the NDPHC built the Ikot Abasi 330/132kv, 3x150MVA substation in Akwa Ibom state.
In August 2019, Osinbajo commissioned the NDPHC’s new 2×60MVA, 132/33KV substations and associated 132KV transmission lines in Abeokuta, Ogun state.
VP Osinbajo presides over the board meetings of the NDPHC and has brought his experience to bear in the affairs of the company.
Before his appointment, Ugbo was in an acting capacity before he was appointed the substantive managing director of the company in August 2016.
On his part, Shehu is the executive director in charge of finance and administration while Oyedele is in the executive director in charge of engineering and technical services.
Oyedele graduated with a Bachelor of Science Degree, Electrical Engineering from the University of Lagos in 1982. He is a member, Nigerian Society of Engineers and Institute of Directors.
The NDPHC boss is one of those who thinks the increase in electricity tariff will help in addressing some of the power challenges of Nigeria.
He was recently quoted as saying: “Our power is the cheapest and discos are approaching us to buy from us, that is where competition is good for the end-user.”
For Oyedele, he recently contested for the All Progressives Congress (APC) governorship ticket in Ondo state, but stepped down after negotiations with the incumbent, Arakunrin Rotimi Akeredolu.
While addressing his supporters on Tuesday, July 21 in Akure, the Ondo state capital, Oyedele said he took the decision in the interest of the APC.
According to him, his interest is the rebuilding of the APC and unity of the people across the state to ensure economic development.
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