Nigeria's GAMCO to Unlock 1,600MW Power Potential

The Nigerian government is taking significant steps to resolve the country's persistent electricity challenges by establishing the Grid Asset Management Company (GAMCO), which may unlock an additional 1,600MW of power. President Bola Tinubu announced this initiative on March 6, 2026, and a committee was inaugurated on March 4, 2026, led by Chief of Staff Femi Gbajabiamila.

The committee includes key ministers such as Lateef Fagbemi (Attorney General), Adebayo Adelabu (Minister of Power), and David Umahi (Minister of Works), among others. GAMCO's primary role will be to optimize power generation and transmission, addressing the existing structural issues in Nigeria's electricity sector, which has a generation capacity of 13,000 megawatts but delivers only 3,500 to 5,000 megawatts due to various constraints.

The committee will review existing laws and regulatory frameworks, assess the legal status of ownership structures, and determine if amendments to primary legislation are necessary for GAMCO's operationalization.