Tinubu Launches Committee for Grid Asset Management Company

On Friday, President Bola Tinubu inaugurated an 11-member committee to ensure the smooth incorporation of the Grid Asset Management Company (GAMCO). This initiative follows the Federal Executive Council's approval to establish GAMCO, which aims to address Nigeria's persistent power problems.

The committee, chaired by Chief of Staff Femi Gbajabiamila, includes key members such as the Attorney General of the Federation, the Minister of Power, and other relevant stakeholders. Its mandate involves a comprehensive review of existing laws, regulations, and institutional frameworks governing the electricity value chain, including the implications of the 2025 electricity reform law.

The committee will assess the legal status of ownership structures and contractual obligations related to assets held by the Niger Delta Power Holding Company and the National Integrated Power Project. GAMCO is expected to optimize power generation and transmission, particularly in the Benin-Lagos transmission corridor, and will be fully owned by the federal government, with commercial ventures managed by the Ministry of Finance.