Tinubu Inaugurates 11-Member Committee on Grid Asset Management Company

President Bola Ahmed Tinubu has inaugurated an eleven-member committee to oversee the incorporation of the Grid Asset Management Company Limited (GAMCO), a new initiative aimed at resolving stranded power and grid transmission challenges in Nigeria’s electricity sector.

The development comes forty-eight hours after the Federal Executive Council approved the establishment of GAMCO as part of ongoing efforts to strengthen the country’s power infrastructure and improve electricity supply.

The committee was inaugurated at the State House by the President’s Chief of Staff, Femi Gbajabiamila, who will serve as chairman of the committee.

According to the presidency, the committee will review existing electricity laws, regulations and institutional frameworks guiding the sector. It is also expected to assess the legal and contractual status of existing power assets and ensure that the operations of GAMCO align with the regulatory standards of the Nigerian Electricity Regulatory Commission.

As part of its initial implementation plan, the pilot phase of the project will focus on the Benin–Lagos Corridor, with the objective of optimising the Omotosho Power Plant, Olorunshogo Power Plant, and Ihovbor Power Plant.

Through these upgrades and coordinated asset management, the government hopes to recover about 1,600 megawatts of electricity within the next 18 to 24 months, significantly boosting power generation and transmission capacity across the national grid.

Officials say the creation of GAMCO is part of broader reforms targeted at addressing inefficiencies within Nigeria’s electricity value chain and ensuring better utilisation of existing grid infrastructure.