Following the resignation of Mr Adebayo Adelabu as the Minister of Power a few days ago, President Bola Tinubu has nominated Mr Joseph Tegbe as his replacement.
A statement by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed on Thursday that Mr Tegbe’s name has been forwarded to the Senate for confirmation.
His nomination is expected to strengthen further ongoing efforts to reform the power sector, enhance grid stability, and attract sustainable investment in line with the Renewed Hope Agenda.
Upon confirmation, he is expected to bring his extensive expertise to bear to advance critical reforms and deliver improved outcomes for Nigerians in the power sector.
Mr Adelabu, a former Deputy Governor of the Central Bank of Nigeria (CBN), resigned last week to pursue his dream of becoming the Governor of Oyo State.
His replacement is also from Oyo State. He is a fiscal and economic reform expert with over 35 years of experience spanning the public and private sectors, according to the statement today.
He is a former Senior Partner and Head of Advisory Services at KPMG Africa, where he led wide-ranging initiatives in fiscal policy reform, institutional transformation, and governance. He has also advised key government institutions and private sector organisations on strategic reforms, regulatory frameworks, and investment structuring.
He is at present the Director General and Global Liaison for the Nigeria-China Strategic Partnership (NCSP), where he is responsible for strengthening bilateral development cooperation between Nigeria and the People’s Republic of China.
The NCSP also coordinates engagements with public sector stakeholders to advance economic and social development in line with FOCAC objectives.
Mr Tegbe’s experience includes significant engagements within the power sector, particularly in regulatory and institutional reform involving agencies such as the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Bulk Electricity Trading Company (NBET).