Tinubu Proposes GAMCO to Enhance Nigeria's Power Transmission

During a Federal Executive Council meeting on Wednesday at the Presidential Villa in Abuja, President Bola Ahmed Tinubu proposed the establishment of the Grid Asset Management Company (GAMCO) to tackle the ongoing challenges within Nigeria's electricity transmission network. Minister Mohammed Idris disclosed that the proposal aims to strengthen the transmission segment, which is considered the weakest link in the power sector.

The initiative seeks to address long-standing issues in the electricity value chain, particularly in transmission, to support industrial growth and ensure reliable power supply. The framework for GAMCO will explore regulatory, legal, and investment models to protect the interests of existing investors and operators.

The proposal comes amid recurring challenges in Nigeria's power supply, which has seen disruptions affecting economic and social activities. President Tinubu emphasized the critical role of the transmission network in driving economic growth, despite significant investments made in the sector.