By Modupe Gbadeyanka
Minister of Finance, Mrs Kemi Adeosun, has been appointed as Chairman of the board of Nigeria Bulk Electricity Trading Company (NBET), following its reconstitution by federal government.
Also, appointed by federal government is the Director-General of Bureau of Public Enterprises (BPE), Mr Alex Okoh, who will serve as the Vice-Chairman of NBET board, while Minister of Power, Works and Housing, Mr Babatunde Fashola, will serve as a non-executive director.
Other non-executive directors of the NBET board are Director-General of the Debt Management Office (DMO), Ms Patience Oniha; Director-General of Budget Office of the Federation, Mr Ben Akabueze; and the Managing Director of Asset Management Company of Nigeria (AMCON), Mr Ahmed Kuru.
NBET invests in electricity from the generating companies through Power Purchase Agreements (PPAs) and sells the same to the distribution companies through vesting contracts.
A statement issued on Wednesday in Abuja by the Director of Information at the Ministry of Finance, Mr Hassan Dodo, disclosed that the appointments were approved by the Acting President, Mr Yemi Osinbajo.
Aduragbemi Omiyale