President Bola Ahmed Tinubu has inaugurated an 11-member committee to oversee the establishment of the Grid Asset Management Company Limited (GAMCO), a new federal initiative aimed at improving Nigeria’s electricity transmission system and unlocking stranded power generation.
The committee was constituted after the Federal Executive Council (FEC) approved the creation of GAMCO as part of broader reforms to address long-standing inefficiencies in Nigeria’s power sector, particularly in grid management and transmission infrastructure.
Tinubu’s Chief of Staff, Femi Gbajabiamila, inaugurated the committee on behalf of the president and described the initiative as a major step toward transforming electricity generation and transmission in the country.
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According to him, the new company is designed to optimise power generation and strengthen the national grid, which has historically limited the effective delivery of electricity across Nigeria.
The committee is chaired by Gbajabiamila and includes key government officials such as the Attorney-General of the Federation, and the ministers responsible for Power, Works, Finance, Communications and Digital Economy, Science and Technology, Aviation, and Petroleum, alongside energy expert Yemi Oke.
The Permanent Secretary of the Cabinet Affairs Office, John Chidiebere Ezeamama, serves as secretary.
Members of the committee are tasked with reviewing existing laws, policies, and regulatory frameworks governing Nigeria’s electricity value chain, including generation, transmission, and distribution.
They will also assess the implications of the Electricity Reform Laws (2025) on asset ownership and regulatory oversight within the power sector.
As part of its mandate, the committee will examine the operational and legal status of assets owned by the Niger Delta Power Holding Company (NDPHC) and the National Integrated Power Project (NIPP).
The pilot phase of GAMCO is expected to focus on optimising output from the Omotosho, Olorunsogo, and Ihovbor power plants while strengthening the Benin–Lagos transmission corridor, a key electricity supply route to major industrial hubs including Lagos and Ogun states.
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The federal government plans for GAMCO to operate as a government-owned commercial venture, with shares held through the Ministry of Finance Incorporated, while attracting private capital and improving asset management across the electricity network.
Officials said the initiative is expected to unlock stranded electricity capacity, improve grid reliability, and strengthen power supply for industries and households as part of the administration’s broader economic reform agenda.
Source : Nairametrics
