President Bola Tinubu on Friday inaugurated an 11-member committee to facilitate the creation of the Grid Asset Management Company Limited (GAMCO). The new company aims to strengthen electricity transmission and unlock stranded power generation across Nigeria.The inauguration took place at the State House in Abuja.
It followed the Federal Executive Council’s approval earlier in the week for the company’s establishment as part of broader power sector reforms.Femi Gbajabiamila, the President’s Chief of Staff, chaired the ceremony on behalf of the President. He described GAMCO as a key step to address long-standing challenges in the national grid and transmission infrastructure.
In a statement by presidential spokesman Bayo Onanuga, Gbajabiamila said the initiative shows the administration’s commitment to reform the electricity sector and maximise generation capacity. GAMCO will focus on improving grid strength and transmission efficiency to deliver generated power effectively to consumers.
The committee will review legal, regulatory, and institutional frameworks in the sector. It will examine policies on generation, transmission, distribution, and market operations. Members will also assess the Electricity Reform Laws (2025) and their effects on asset ownership, regulation, and responsibilities.
The panel will identify conflicts between current rules and the GAMCO framework. It will evaluate legal and financial issues related to assets of the Niger Delta Power Holding Company under the National Integrated Power Project. These include three pilot plants: Omotosho (513 MW), Olorunsogo (754 MW), and Ihovbor (508 MW).
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The committee will study interactions with the Nigerian Electricity Regulatory Commission. It will review financial implications, including subsidies, market liquidity, and revenue models. It will determine if GAMCO requires changes to laws, directives, or subsidy policies.
Members include the Attorney-General of the Federation, ministers of Power, Finance, Works, Communications and Digital Economy, Science and Technology, Aviation and Aerospace Development, and Petroleum (State). Others are the Nigeria Revenue Service Chairman and energy law expert Yemi Oke.
John Chidiebere Ezeamama, Permanent Secretary in the Cabinet Affairs Office, serves as secretary.GAMCO will operate as a government-owned commercial entity with shares held by the Ministry of Finance Incorporated. It will start with the Benin-Lagos corridor to boost power to industrial hubs in Ogun and Lagos states.
The pilot phase targets recovery of at least 1,600 MW of stranded power within 18–24 months. Plans include a new 330kV double-circuit line. The Niger Delta Power Holding Company will grant concessions for the plants, while the Transmission Company of Nigeria will support infrastructure development.
Officials expect success to expand the model nationwide. They believe it will improve grid stability, industrial output, job creation, and living standards in line with economic reforms.
