Abuja, Nigeria.
Vice President Kashim Shettima has reasserted the administration’s dedication to revamping Nigeria’s power sector during the official opening of the Nigerian Electricity Liability Management Company (NELMCO)’s new headquarters in Abuja. Highlighting the importance of reliable electricity for national progress, Shettima emphasized the need for robust energy security.
In his remarks, Shettima outlined the government’s resolve to make data-driven decisions, utilize technology effectively for asset management, and foster stronger alliances with domestic and international entities. He further emphasized the necessity of governance, transparency, and accountability in the power sector’s institutions.
The new NELMCO headquarters, Shettima stated, marks a pivotal point in modernization and efficiency. He commended the company’s board, management, and staff for their contributions to the sector’s credibility. Recognizing NELMCO’s role in tackling legacy debts, Shettima underlined its importance in restoring consumer confidence in the electricity supply industry.
Expressing optimism about the new facility’s potential to enhance NELMCO’s operational capabilities, Shettima encouraged private sector involvement and international investment in Nigeria’s power sector, promising a transparent and attractive environment for investors.
Additionally, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, spoke of the power sector’s role in supporting SMEs and spurring economic growth. Minister of Power, Adebayo Adelabu, discussed the government’s efforts to manage legacy debts and strengthen the sector’s financial stability.
Senator Enyinnaya Abaribe’s representative highlighted the cost savings and operational improvements brought about by the new NELMCO facility. Mrs. Mojoyinoluwa Dekalu-Thomas, Managing Director and CEO of NELMCO, revealed the agency’s revenue contributions to the Federal Government.
Source: arise
