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President Bola Tinubu has renewed the appointment of Alhaji Abubakar Sadiq Yelwa as Managing Director and Chief Executive Officer of the National Hydroelectric Power Producing Areas Development Commission, N-HYPPADEC.
The appointment is for a second and final four-year term.
This was announced in a statement by Segun Imohiosen, Director of Information and Public Relations, Office of the Secretary to the Government of the Federation.
Imohiosen said the appointment is in line with Section 93 of the Electricity Act 2023.
Tinubu urged Yelwa to build on the commission’s achievements and introduce greater innovation and commitment in delivering its mandate.
In other news, The Nigerian government has barred ministries, departments, and agencies from awarding contracts without warrant authority to incur expenditure.
The Minister of Finance, Wale Edun, made this known at an event on Wednesday in Abuja on the implementation of the extended capital budgets under the Bottom-Up Cash Planning Policy.
According to him, this move is aimed at ensuring the adequate management of the country’s resources.
He said that the Accountant-General of the Federation had been directed to develop a new business process enabling MDAs to download and attach warrants/AIEs as proof of funds availability during tender board meetings.
“Henceforth, Warrants/AIEs will be issued to MDAs prior to legal commitment to serve as evidence of funds available for award of contracts or processing of payment for ongoing and completed projects. For the avoidance of doubt, you are to ensure that no letter of award is issued, contract signed, or any financial obligation entered into unless the corresponding Warrants/AIEs covering the full or committed portion of the contract sum have been duly released.
“It is, therefore, a call for you all to prudently manage the limited resources that will be allocated to your MDA as well as optimise revenue realisation as they fall due,” he stated.
