FG inaugurates Board for Nigerian Electricity Liability Company …appoints Okonjo-Iweala as Chair

The Federal Government on Thursday inaugurated the Board of the Nigerian Electricity Liability Company Limited (NELMCO) with Dr Ngozi Okonjo-Iweala, the Minister of Finance and Coordinating Minister of Economy as Chair.

The Minister of State for Trade and Investment, Dr Samuel Ortom, said in Abuja that the board was inaugurated by Vice-President Namadi Sambo during the meeting of the National Council on Privatisation (NCP).

“Today, the NCP, headed by the Vice President, inaugurated the Board of Nigeria Electricity Liability Company and the Chairperson of the board is the Minister of finance and Co-ordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala.

“NCP also approved the application of CMEC/Eurafric, the preferred bidder for Sapele, for the extension of time to complete the payment of the bid price,“ he said.