Vice President Kashim Shettima has reaffirmed the commitment of the administration of President Bola Tinubu to reform and strengthen Nigeria’s power sector.
He stated that Nigeria cannot afford to compromise on energy security, noting that sustainable electricity supply is critical to national development.
Shettima spoke on Thursday while inaugurating the new head office of the Nigerian Electricity Liability Management Company (NELMCO) in Asokoro District of Abuja.
“This administration remains resolute in its commitment to reform and strengthen the power sector,” he said.
The Vice President stressed that achieving the government’s objectives requires data-driven decision-making, effective use of technology in asset management and stronger partnerships with both local and international stakeholders.
He added that governance, transparency and accountability must remain central to the operations of institutions within the power sector.
According to him, the commissioning of the new headquarters symbolises a new phase of modernisation, efficiency and forward-thinking leadership for NELMCO.
He commended the board, management and staff of the company for their contributions, describing them as key custodians of the sector’s credibility.
Shettima noted that NELMCO plays a critical role in addressing legacy liabilities in the electricity sector, which is essential to restoring confidence in the Nigerian Electricity Supply Industry.
He emphasised that strengthening such institutions aligns with the administration’s broader goal of repositioning the energy sector as a viable and investment-ready space.
The Vice President expressed optimism that the new facility would enhance NELMCO’s capacity to deliver on its mandate and contribute meaningfully to sector reforms.
He also called on private sector players and international partners to invest in Nigeria’s power sector, assuring them of a transparent and investor-friendly environment.
“We are committed to creating a predictable and investment-friendly climate. Institutions like NELMCO show that we are serious about reform and capable of sustaining it,” he said.
Earlier, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said a stable power sector would support small and medium enterprises and drive economic growth.
He highlighted ongoing reforms, including the establishment of the Grid Asset Management Company (GAMCO), aimed at addressing critical challenges in the sector.
Also speaking, the Minister of Power, Adebayo Adelabu, said the new NELMCO headquarters reflects government efforts to strengthen sector liquidity and effectively manage legacy debts.
Chairman of the Senate Committee on Power, Senator Enyinnaya Abaribe, represented by Senator Oyelola Yisa Ashiru, noted that the facility would reduce government expenditure on rent and improve operational efficiency.
Meanwhile, Managing Director and Chief Executive Officer of NELMCO, Mrs. Mojoyinoluwa Dekalu-Thomas, disclosed that the agency has generated over N30 billion in revenue for the Federal Government while serving as a clearing house for legacy debt.
Deji Elumoye in Abuja
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