“Tinubu Launches Strategic Committee to Fix Nigeria’s Troubled Power Grid Through New GAMCO Initiative”
Bola Ahmed Tinubu has inaugurated an inter ministerial committee tasked with establishing the Grid Asset Management Company Limited (GAMCO), a new initiative aimed at addressing long standing transmission bottlenecks and stabilizing Nigeria’s electricity supply.
The committee, comprising 11 senior government officials and sector stakeholders, was constituted following approval by the Federal Executive Council (FEC) for the creation of GAMCO. The body will oversee the company’s incorporation, review regulatory frameworks, and design an operational structure to strengthen Nigeria’s electricity transmission network widely regarded as the weakest link in the country’s power value chain.
According to government officials, GAMCO will function as a commercially structured, government owned entity under the Ministry of Finance Incorporated. Its core mandate is to manage and optimise grid infrastructure, unlock stranded generation capacity, and mobilize private capital for transmission upgrades. The initiative is expected to modernize power transmission operations and improve overall grid reliability.
Chief of Staff to the President, Femi Gbajabiamila, who inaugurated the committee on behalf of President Tinubu, described the initiative as a critical step toward transforming the electricity sector and delivering more stable power supply to households and industries across the country.
Nairametrics
As part of its initial implementation, GAMCO will pilot operations along the Benin Lagos transmission corridor, one of Nigeria’s most critical electricity routes serving major industrial and commercial centres. The project aims to recover up to 1,600 megawatts of currently stranded generation capacity within 18 to 24 months while supporting the development of a new high capacity 330kV double circuit transmission line.
The proposed framework will also examine legal, regulatory, and investment models within Nigeria’s electricity sector, including how existing operators and assets such as those under the National Integrated Power Project can be integrated into the new structure. The committee’s recommendations may ultimately require legislative backing from the National Assembly if policy adjustments or legal amendments are needed.
Nairametrics
Nigeria’s electricity sector has long struggled with transmission constraints, grid instability, and stranded generation capacity despite reforms that separated the industry into generation, transmission, and distribution segments. Analysts say resolving transmission inefficiencies remains essential for improving nationwide power supply, boosting industrial productivity, and attracting investment into Africa’s largest economy.
Nairametrics
If successfully implemented, the GAMCO model could be expanded to other transmission corridors and power plants nationwide, forming a stronger backbone for long term electricity sector reforms and grid modernisation.