Zulum, Uzodinma, 5 Others Appointed to NDPHC Board

NDPHC Board Gets 7 New Members, Including 6 Governors

The National Economic Council has approved the appointment of six state governors to the Niger Delta Power Holding Company board, alongside a new support program launched by President Bola Tinubu to aid vulnerable families and stimulate economic growth.

The National Economic Council (NEC) has approved the appointment of six state governors as board members of the Niger Delta Power Holding Company (NDPHC). The governors, representing the six geopolitical zones, are: Hope Uzodinma (Imo), Babagana Zulum (Borno), Dikko Radda (Katsina), Abiodun Oyebanji (Ekiti), Umo Eno (Akwa Ibom), and AbdulRahman Abdul Razaq (Kwara), who also serves as the Chairman of the Nigerian Governors' Forum.

The announcement was made in a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of the Vice President), on Thursday, June 27. This development marks a significant milestone in the efforts to strengthen the NDPHC board and enhance its effectiveness in driving the country's power sector development.

During its 142nd meeting, the National Economic Council (NEC) emphasized the crucial role of the Niger Delta Power Holding Company (NDPHC) in driving the nation's economic growth and development. The council recognized the significance of the NDPHC in addressing the country's power challenges and its potential to stimulate economic progress.

The meeting featured comprehensive presentations and recommendations from various ad hoc committees, including those focused on addressing Flood, Erosion, Drought, and Desertification (Mitigation, Adaptation, Preparedness, and Response); Economic Affairs; and Crude Oil Theft Prevention and Control. These presentations aimed to inform and guide the council's decision-making processes, ensuring effective solutions to the nation's economic and environmental challenges.

President Bola Tinubu launched the National Construction and Household Support Programme on Thursday, a comprehensive initiative aimed at supporting vulnerable families and stimulating economic growth. Under this program, 100,000 families in each state will receive a monthly grant of N50,000 for three months, totaling N150,000 per family.

The program also includes a significant allocation for food support, with N155 billion earmarked for the distribution of assorted food items. Additionally, N540 billion will be allocated for household grants, providing critical financial assistance to families in need. Furthermore, each of the 36 states and the Federal Capital Territory will receive N10 billion for the procurement of Compressed Natural Gas (CNG) buses, promoting sustainable transportation and reducing reliance on fossil fuels.

The total estimated cost of this support program is over N1 trillion, demonstrating the government's commitment to supporting vulnerable families and stimulating economic growth. By providing financial assistance, food support, and investing in sustainable transportation, this program aims to make a tangible impact on the lives of millions of Nigerians.