Tinubu Launches Committee for Power Grid Management

On Friday, President Bola Tinubu inaugurated an 11-member committee to drive the establishment of the Grid Asset Management Company (GAMCO), a new initiative aimed at addressing Nigeria's persistent power sector challenges. The committee's formation follows the approval of the company's establishment by the Federal Executive Council.

The initiative is part of efforts to tackle stranded power generation and transmission bottlenecks. Femi Gbajabiamila inaugurated the committee on behalf of the President, emphasizing that this initiative represents a major reform step in the country's electricity sector.

The committee is tasked with conducting a comprehensive review of existing laws and regulations governing the electricity value chain, including implications of the Electricity Reform Law 2025. The committee will also evaluate the relationship between GAMCO and the Nigerian Electricity Regulatory Commission.

The pilot phase of GAMCO aims to recover at least 1,600 MW within 18 to 24 months and modernize transmission evacuations along the Benin-Lagos corridor.