The Vice President, Senator Kashim Shettima, has directed the members, Board of the Directors, of the Nigerian Independent System Operator (NISO) Limited to maintain the highest standards of integrity and expertise in carrying out their duties of ensuring seamless generation, transmission and distribution of electricity across Nigeria.
According to him, while expectations are high, members of the Board will need to utilise their collective expertise and individual capabilities to achieve the goals of President Bola Tinubu’s Renewed Hope Agenda in the nation’s power sector, within a short period.
Speaking when he inaugurated the newly constituted Board of Directors of NISO at the Presidential Villa, Abuja, Vice President Shettima told members of the board that, ” while the Tinubu’s administration is resolute about building resilient, transparent and investment-friendly power sector, it was their duty to actualise the mandate”.
According to the Senior Special Assistant to The President on Media & Communications, Office of the Vice President, Stanley Nkwocha, the Vice President explained that, “going forward the company is expected to transfer all assets and liabilities related to market and system operations to NISO”.
Earlier, the Minister of Power, Chief Adelabu Adebayo, said NISO is to determine “the efficiency and stability of the national grid, the transparency of market operations and most importantly , the quality of service experienced by electricity consumers across the country.”
He further highlighted some of NISO key mandates to include “coordinating electricity generation in real time to meet national demand, optimise energy dispatch in a manner that guarantees grid stability and delivers the most cost efficient outcomes”.
Others are, “enforce market discipline and transparency, ensure all market participants operate within clearly defined obligations in the grid code market rules,”
