President Bola Tinubu has inaugurated an 11-member committee to establish the Grid Asset Management Company (GAMCO). The initiative aims to address Nigeria’s long-standing power sector challenges.
Following Federal Executive Council approval, GAMCO was created to tackle stranded power generation, transmission bottlenecks, and grid inefficiencies. Femi Gbajabiamila inaugurated the committee on behalf of the President, describing it as a major electricity sector reform.
Bayo Onanuga, Special Adviser to the President on Information, stated GAMCO will optimise power generation and revolutionise transmission. Committee members have been urged to align with the President’s vision and adhere to their mandate. The committee will review existing laws, regulations, and policies governing generation, transmission, distribution, and market operations.
It will assess the impact of the Electricity Reform Laws (2025) on asset management and regulatory oversight. Key facilities, including Omotosho, Olorunsogo, and Ihovbor plants, will serve as the pilot phase. GAMCO will operate as a fully government-owned commercial venture, aiming to recover 1,600MW within 18–24 months.
The pilot phase focuses on optimising output along the Benin–Lagos transmission corridor. Success will allow expansion to other plants and corridors, supporting long-term grid stabilisation. The project expects to boost industrial productivity, protect jobs, improve investor confidence, and enhance household welfare.
Concession and lease arrangements with NDPHC and the Transmission Company of Nigeria will facilitate development and operation. GAMCO represents a transformative step in Nigeria’s electricity sector, unlocking stranded power and modernising the national grid.
