Tinubu Sets Up Committee to Establish Grid Asset Management Company
President Bola Ahmed Tinubu has inaugurated an 11-member committee to oversee the establishment and incorporation of the Grid Asset Management Company Limited (GAMCO), a new entity designed to address structural inefficiencies in Nigeria’s electricity transmission network and unlock stranded power generation across the country.
The committee was constituted following the approval of GAMCO’s creation by the Federal Executive Council earlier in the week. The initiative forms part of the federal government’s broader strategy to reform the power sector, strengthen grid infrastructure, and improve the reliability of electricity supply in Nigeria’s industrial and commercial hubs.
Chief of Staff to the President, Femi Gbajabiamila, who inaugurated the committee on behalf of the president, described the proposed company as a transformative step in resolving long-standing challenges within the electricity value chain, particularly in grid management and power transmission. According to him, the new structure is expected to optimise power generation and modernise the country’s grid operations.
The proposed establishment of GAMCO is one of the revolutionary steps taken by Mr President and this administration in the all-important power sector. We are here for the inauguration of the Committee on Grid Asset Management Company, which is basically to optimise and revolutionise power generation, and in particular, the grid and transmission sector,” Gbajabiamila said during the inauguration ceremony.
The committee has been tasked with reviewing existing laws, regulations, and institutional frameworks governing Nigeria’s electricity market, including generation, transmission, distribution, and market operations. It will also examine the implications of the Electricity Reform Laws enacted in 2025 and assess potential overlaps or conflicts between the proposed GAMCO framework and current regulatory structures.
As part of its mandate, the committee will evaluate the legal and operational status of assets belonging to the Niger Delta Power Holding Company and the National Integrated Power Project, particularly the Omotosho, Olorunsogo, and Ihovbor power plants, which are expected to serve as the pilot assets for the new company.
GAMCO is expected to focus on recovering stranded electricity generation and improving transmission capacity along the critical Benin–Lagos corridor, a key route that supplies bulk power to Lagos and Ogun states—two of Nigeria’s largest industrial and commercial centres.
The Federal Government will fully own GAMCO through the Ministry of Finance Incorporated, although the company is expected to operate as a commercial entity capable of mobilising private capital and deploying disciplined asset management practices to improve efficiency within the power sector.
If the pilot phase proves successful, the model will be expanded to other power plants and transmission corridors nationwide, creating a scalable framework for long-term grid stabilisation and expansion. The administration believes the initiative will support industrial productivity, enhance investor confidence, protect jobs, and improve welfare outcomes for Nigerian households through more stable electricity supply.
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