𝗧𝗶𝗻𝘂𝗯𝘂 𝘀𝗲𝘁𝘀 𝘂𝗽 𝗰𝗼𝗺𝗺𝗶𝘁𝘁𝗲𝗲 𝗳𝗼𝗿 𝗽𝗼𝘄𝗲𝗿 𝗴𝗿𝗶𝗱 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁

President Bola Ahmed Tinubu has inaugurated an 11-member committee tasked with establishing the Grid Asset Management Company (GAMCO) as part of efforts to tackle long-standing challenges in Nigeria’s power transmission network.

The committee was set up to develop a framework for the creation and operation of GAMCO, a new entity expected to manage and strengthen the country’s electricity transmission infrastructure. The initiative aims to address persistent problems affecting the national power grid, including frequent system collapses and inadequate maintenance of transmission assets.

According to government officials, the move is part of the administration’s broader strategy to reform the power sector and improve electricity supply across the country. The proposed company is expected to oversee the management, maintenance, and upgrading of grid assets to ensure greater efficiency and stability in the transmission of electricity.

The committee will also recommend the operational structure, funding model, and regulatory framework for GAMCO, while working with relevant agencies in the power sector to ensure a smooth transition once the company is established.

The federal government expressed optimism that the initiative will strengthen Nigeria’s power transmission capacity and support ongoing reforms aimed at boosting reliable electricity supply for households, businesses, and industries nationwide.