Reporting by Leadership indicates that Vice President Kashim Shettima has commissioned the new head office of the Nigerian Electricity Liability Management Company (NELMCO) in Abuja. During the ceremony, the Vice President reaffirmed President Tinubu’s commitment to a data-driven overhaul of the energy sector, emphasizing that transparency must be the bedrock of the new phase of power reforms.
Shettima described NELMCO as the “custodian of the sector’s credibility,” tasked with managing the legacy debts and liabilities that have long hampered the industry’s privatization success. The administration aims to use this new administrative phase to modernize asset management and foster stronger partnerships with international energy stakeholders.
The Nation quoted the VP saying, “this administration remains resolute in its commitment to reform,” while The Guardian noted that the move is part of a broader strategy to “confront the burdens of yesterday” in the electricity value chain.
Echotitbits take: While a new building is a nice symbolic gesture, NELMCO’s real work lies in the messy accounting of the sector’s debt. The market is watching to see if this “new phase” translates into cleared balance sheets for the struggling DisCos.
Source: The Punch – https://punchng.com/shettima-assures-nigerians-of-reforms-to-boost-power-supply/, March 27, 2026
Photo credit: The Punch
