๐ง๐ถ๐ป๐๐ฏ๐ ๐๐ฒ๐๐ ๐๐ฝ ๐ฐ๐ผ๐บ๐บ๐ถ๐๐๐ฒ๐ฒ ๐ณ๐ผ๐ฟ ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ด๐ฟ๐ถ๐ฑ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐
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 Nigeriaโs 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 countryโs 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 administrationโs 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 Nigeriaโs power transmission capacity and support ongoing reforms aimed at boosting reliable electricity supply for households, businesses, and industries nationwide.
