Tinubu Inaugurates Committee to Establish Grid Asset Management Company

President Bola Tinubu has inaugurated an 11-member committee to drive the establishment of the Grid Asset Management Company Limited (GAMCO), a new initiative aimed at tackling persistent challenges in Nigeria’s power sector.

The committee was constituted following the approval of the company’s creation by the Federal Executive Council (FEC) as part of broader reforms to address stranded power generation, transmission bottlenecks and inefficiencies in grid management.

Chief of Staff to the President, Femi Gbajabiamila, inaugurated the committee on behalf of the President, describing the move as a major step towards strengthening the country’s electricity infrastructure.

According to a statement issued on Friday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the initiative represents a significant reform effort by the administration to improve power generation and transmission efficiency.

Gbajabiamila said the establishment of GAMCO is designed to optimise grid operations and unlock stranded electricity generation capacity across the country.
“The proposed establishment of GAMCO is one of the revolutionary steps taken by Mr President and this administration in the all-important power sector,” he said.

“We are here for the inauguration of the Committee on Grid Asset Management Company, which is basically to optimise and revolutionise power generation, particularly the grid and transmission sector.”

He urged members of the committee to align with the President’s reform agenda and carry out their mandate diligently.
The committee is expected to conduct a comprehensive review of existing laws, regulations and policies governing Nigeria’s electricity value chain, including generation, transmission, distribution and market operations.

It will also assess the implications of the Electricity Reform Laws (2025) on asset ownership, management structures and regulatory oversight within the sector.
In addition, the committee will identify areas of conflict, overlap or inconsistency between the proposed GAMCO framework and existing legal instruments guiding the power industry.

Among the key assets under consideration are facilities owned by the Niger Delta Power Holding Company (NDPHC) and projects developed under the National Integrated Power Project (NIPP).
Power plants expected to feature in the pilot phase of the initiative include the Omotosho, Olorunsogo and Ihovbor power stations.

The government believes the establishment of GAMCO will help unlock idle generation capacity, improve grid stability and enhance the overall efficiency of Nigeria’s electricity supply system.