Brief about NELMCO


The Nigeria Electricity Liability Management Ltd/Gte (NELMCO), is a Special Purpose Entity (SPE) created by the Federal Government of Nigeria and saddled with the responsibility of managing the Liabilities and Non-Core Assets of the defunct Power Holding Company of Nigeria (PHCN).

NELMCO is a product of the electricity power sector reform, with a very specialized role to play, in ensuring the success of the reform. NELMCO was incorporated on August 21st,2006 as a limited liability company, under the Companies and Allied Matters Act (1990) (CAMA).

As one of the successor companies created under EPSRA and consistent with the directive of NCP, NELMCO was designated to assume responsibility for all of the PHCN liabilities leading up to the November 1, 2013 handover of the companies, as well as the management of the non-core assets of the companies, prior to disposition of same.

We are the stranded liability vehicle for a smooth transition into a new liberalized, productive and efficient power sector.

To takeover the management and settlement of PHCN’s Power Purchase Agreement obligations and other legacy debts as may be determined by National Council On Privatisation within the Nigeria Electricity Supply Industry.

Presidential Quarterly Business Forum

As part of efforts by the Federal Government to continually engage regularly with different segments of the Nigerian public on its economic policies and direction,

the Presidency continued the Presidential Quarterly Business Forum with members of the Organised Private Sector, OPS and other stakeholders.


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Press Release

The outbreak of the corona virus pandemic, otherwise known as COVID-19, and its devastating effects on socio-economic, political and cultural settings of all the countries of the world is no

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As part of efforts by the Federal Government to continually engage regularly with different segments of the Nigerian public on its economic policies and direction, the Presidency continued the

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The Managing Director/CEO

Adebayo Nathaniel Fagbemi

FCE,MNIM

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Mission, Vision & Core Value

Vision
To be a world-class manager of liabilities and stranded Assets in a transitional electricity market
Mission
Core Value

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Address:

Ahmad Plaza,

1300 Funmilayo Ransom-Kuti Street, Garki II,

P.M B 500 - GARKI, Abuja

Phone:

0909-555-7829, 0816-000-8068

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