President Bola Tinubu has reconstituted the Board of the Nigerian Electricity Regulatory Commission (NERC), following the Senate’s confirmation of the board members on December 16.
A statement issued by the Special Adviser to the President, Information & Strategy, Bayo Onanuga, indicated that the newly reconstituted board had Dr. Mulisiu Olalekan Oseni as Chairman.
According to the statement, Oseni began his service at NERC as a Commissioner in January 2017 and was later appointed Vice Chairman of the Commission. His latest appointment as Chairman took effect from December 1, 2025, and will subsist until the completion of his 10-year tenure, in accordance with the provisions of the Electricity Act, 2023.
Onanuga named Dr Yusuf Ali as Vice Chairman. Ali was first appointed as a Commissioner in February 2022, and his designation as Vice Chairman also took effect from December 1, 2025 and he will serve in that capacity until the completion of his first term at the commission.
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Other members of the newly reconstituted board of the commission are Mr. Nathan Shatti, who was first appointed in January 2017 and now serving his second term as Commissioner, Mr. Dafe Akpeneye, who will be serving a second term, having been first appointed as Commissioner in January 2017; and Aisha Mahmud Bello, now to serve her second term, first appointed as Commissioner in December 2020.
Also in the new NERC board are Dr. Chidi Ike, serving his first term, first appointed as Commissioner in February 2022, and Dr. Fouad Animashaun, whose first term becomes effective December 2025 after recently serving as Executive Commissioner and Chief Executive Officer of the Lagos State Electricity Regulatory Commission.
Tinubu charged the newly constituted board members to consolidate the ongoing power sector reforms by ensuring strict adherence to the letter and spirit of the Electricity Act, 2023.
They are also expected to strengthen regulatory oversight, promote market stability, protect consumer interests, and support sustainable investment across the electricity value chain in order to improve electricity supply and enhance sector efficiency with the attendant positive implications for the nation’s socioeconomic development.
