The Nigeria Electricity Liability Management Ltd/Gte (NELMCO)

info@nelmco.gov.ng

Gold Level Award

Director-General of the Bureau of Public Service Reform, (BPSR), Mr. Dasuki Arabi, present gold level award to NELMCO after successful completion of SAT, on Thursday 06th August 2020

Senate Committee on Power, oversight function

The Senate Committee on Power led by Senator Gabriel Suswam, takes the committee on tour to see some of NELMCO’s assets domiciled in FCT

Conduct of Self-assessment tool (SAT) by BPSR

The DG of BPSR Mr D.I.Arabi and his team visited NELMCO to conduct and implement one of her programs called SAT (Self-Assessment Tools). NELMCO is the first Agency in the Power sector to avail itself of the test.

Welcome to NELMCO

Brief About Us

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 Act 2005 (EPSR), 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 The National Council on Privatisation (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 disposal of same.

We are the stranded liability vehicle for a smooth transition into a new liberalized, productive and efficient power sector, Our mandate is to takeover the management and settlement of PHCN’s Power Purchase Agreement obligations and other legacy debts as may be determined byThe National Council On Privatisation (NCP) within the Nigeria Electricity Supply Industry.

Our Vision

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

Our Mission

To ensure sanctity of contracts and settlement of pension and third party liabilities

Core Value

Honesty, Integrity, Accountability, and Transparency

Our Principal Function

Liability Management

Asset Management

Others

Mojoyinoluwa Dekalu-Thomas, The Managing Director/CEO

Mojoyinoluwa Dekalu-Thomas has over twenty-two years international, progressive management experience gained from working in executive management positions the UK, Germany, Belgium, South Africa and Nigeria and in diverse industries including Legal, Oil and Gas, Telecommunications, Financial Services and Technology.

She holds an LL.B (Hons.) from the University of Buckingham and a Post Graduate in International Relations from the University of Kent at Canterbury, UK. Her areas of expertise include: Strategy Development and Implementation, Programme and Project Management, Risk Management, Stakeholder and Third Party Management, Budget Forecasting and Management, Business Development, Resource Management, Process Development and Re-engineering, Change Management and Financial Analysis.