President Bola Ahmed Tinubu has taken decisive action to address longstanding issues in Nigeria’s electricity sector by inaugurating an 11-member committee tasked with overseeing the smooth incorporation and operationalization of the Grid Asset Management Company Limited (GAMCO).
The committee, constituted on Friday, March 6, 2026, follows the Federal Executive Council’s (FEC) approval earlier in the week for the establishment of GAMCO.
This initiative represents a targeted reform to strengthen the transmission segment of the power value chain, the area widely identified as the primary bottleneck causing grid instability, frequent collapses, and stranded generation capacity.
Inaugurating the committee on behalf of the President, Chief of Staff to the President, Hon. Femi Gbajabiamila, described the move as a “revolutionary step” toward transforming Nigeria’s electricity sector.
He emphasized that GAMCO is designed to fast-track solutions to endemic problems, including stranded power, inefficient grid management, and transmission constraints.
“The President is committed to unlocking the full potential of our power sector,” Gbajabiamila stated. “By establishing GAMCO, we aim to optimize generation, improve grid reliability, and ensure more stable electricity delivery to homes, businesses, and industries across the country.”
GAMCO will focus on managing and upgrading critical national grid assets, mobilizing private sector investment, and addressing transmission weaknesses that have hindered the evacuation of generated power.
Initial efforts will include a pilot phase targeting the recovery of stranded capacity along key corridors, such as the Benin-Lagos transmission line, which supplies bulk power to major industrial hubs in Ogun and Lagos states.
The 11-member inter-ministerial committee, chaired by the Chief of Staff, includes key stakeholders such as the Attorney-General of the Federation and Minister of Justice, the Ministers of Power, Works, Finance, and other relevant officials.
The panel will conduct a comprehensive review of existing laws, regulations, policies, and institutional frameworks across the electricity value chain including generation, transmission, distribution, and market operations to ensure GAMCO’s effective establishment and seamless integration.
President Tinubu’s administration remains focused on delivering reliable and sustainable power supply as a cornerstone of economic growth, job creation, and improved quality of life for all Nigerians. This latest reform builds on ongoing efforts to modernize the sector and aligns with the Renewed Hope Agenda’s commitment to infrastructure development and energy security.
The committee is expected to work expeditiously to finalize the operational framework, paving the way for GAMCO to begin addressing transmission challenges and contributing to a more resilient national grid.