Nigerian President Bola Tinubu has begun a fresh restructuring of the power sector with the nomination of a new minister of power and the appointment of a special adviser to head a presidential task force on sector reforms.
The Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, said in a statement that the move was aimed at accelerating reforms in the electricity value chain.
According to the statement, the President nominated Mr Joseph Tegbe as Minister of Power, subject to the confirmation of the Senate, while also appointing a former power minister, Mr Lanre Babalola, as Special Adviser on Power and Chairman of the Presidential Task Force on Power Sector Reset and Restoration.
It noed that Tegbe’s nomination follows the resignation of the former Minister of Power, Adebayo Adelabu, who stepped down to pursue his governorship ambition in Oyo State in western Nigeria.
Tegbe is described by the presidency as a fiscal and economic reform expert with over 35 years of experience across both the public and private sectors.
He was said to have previously served as senior partner and head of advisory services at KPMG Africa, where he led assignments in fiscal policy reform, governance restructuring, institutional transformation, and investment advisory.
He has also worked closely with government institutions and private sector operators on regulatory frameworks and strategic reforms.
At present, he serves as Director-General and Global Liaison for the Nigeria-China Strategic Partnership, where he coordinates bilateral development cooperation between Nigeria and China, particularly in line with the Forum on China-Africa Cooperation objectives.
The presidency also noted that Tegbe has had significant engagement within the power sector, especially in areas relating to regulatory and institutional reforms involving agencies such as the Nigerian Electricity Regulatory Commission and the Nigerian Bulk Electricity Trading Company.
His nomination, according to the statement, is expected to strengthen ongoing efforts to stabilise the national grid, improve sector efficiency, and attract long-term investment into the electricity value chain.
“The President expects the Minister-Designate, upon confirmation, to bring his extensive expertise to bear to advance critical reforms and deliver improved outcomes for Nigerians in the power sector,” Onanuga said.
GIK/APA