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.
House Committee on Power, oversight function
The chairman and members of the House Committee on Power visited NELMCO for an oversight function to get acquainted with its activities.
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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The Managing Director/CEO
Adebayo Nathaniel Fagbemi
Mission, Vision & Core Value
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