The objective is to ensure transparency in their operations as well as improve their performance,” Othman said.

zakim:
The Bureau of Public Enterprises (BPE) and shareholders of the electricity Distribution Companies (Discos) have agreed to formalise the increase in the Federal Government’s representation on the Boards of the Discos. At a meeting of the shareholders of the Discos summoned by the BPE, held on June 26, 2019, all the parties agreed that the process would be concluded and implemented on or before July 15, 2019.

The Head Public Communications Unit of the BPE Amina Tukur Othman said in a statement yesterday that part of the requirements for the reform and privatisation in the Nigerian power sector was the entrenchment of a Corporate Governance structure, which provided for the Core Investor to have 6 (six) “A” Directors and the Bureau 1(one) “B” Director. According to the statement, this was done to minimize the representation of the Federal Government of Nigeria (FGN) on the Boards and to grant the Core Investors sufficient control of the management and operations of the Discos.

“In view of the need to strengthen Corporate Governance of the companies, the FGN decided to increase its representation on the Boards by 2 (B Directors) given its 40% shareholding. The objective is to ensure transparency in their operations as well as improve their performance,” Othman said.

Read more: https://www.dailytrust.com.ng/fg-representation-on-discos-board-to-rise-before-july-15.html

post=79858555:

That is what we are really after.
A better country is what we pray for.
Nigeria must be great again.

IamAlexander:
Government involvement in the business is not a good move. It should rather focus on providing enabling environment for the discos and other firms in the power value chain to thrive.

IamAlexander:
Government involvement in the business is not a good move. It should rather focus on providing enabling environment for the discos and other firms in the power value chain to thrive.

post=79858555:

That is what we are really after.
A better country is what we pray for.
Nigeria must be great again.

ALCOHOLKILLS:


great in your barbecue world of dead meat, with your terrorist president

backnbeta:
Maybe we'll be better off because I can't feel the discos jor

nicedayontop:
I weep for my country Nigeria. Even after more than 50 years , we can't fix the power sector. Still setting up Board over mere 4000mw of electricity. Who did we offend, O God have mercy.

TheGreenLand:

U just daft sha.
Na him u no vote for Moghalu,
wey u take queue for Atiku back.
Ur mumu no be 4 here.

itsme01:



I still blame PDP for signing off our distribution company to their members who arent capable of delivering meters or transformers, without no buy back clause in the agreement.

All the FG are trying to do now is force an hostile takeover, by increasing the number of FG directors on their board, and perhaps they can force themself to be voted to head the Governing board through every means.
this is why knowledgeable people curse PDP every morning.... i'll rather vote sowore and moghalu as opposition than that cancer called PDP



..