Tinubu Sets Up 11-Member Committee For Power Grid Management

Tinubu’s Bold Step Toward Power Grid Reform

President Bola Tinubu has taken a decisive step in tackling Nigeria’s long-standing electricity challenges by inaugurating an 11-member committee tasked with establishing the Grid Asset Management Company Limited (GAMCO).

This initiative, approved by the Federal Executive Council, is designed to address the chronic issues of stranded power, transmission bottlenecks, and inefficiencies that have plagued the nation’s energy sector for decades.

The committee, chaired by the Chief of Staff to the President, Femi Gbajabiamila, brings together key figures including the Attorney-General of the Federation, Ministers of Power, Finance, Works, Petroleum, and other strategic portfolios, alongside energy expert Professor Yemi Oke.

Their mandate is comprehensive: to review existing laws, regulations, and frameworks governing electricity generation, transmission, and distribution, while ensuring that GAMCO’s operations align with Nigeria’s broader regulatory and fiscal structures.

At the heart of GAMCO’s mission is the optimisation of stranded power assets, beginning with the Omotosho, Olorunsogo, and Ihovbor plants under the National Integrated Power Project. Together, these facilities have a combined installed capacity of over 1,600 MW, much of which remains underutilised due to transmission constraints.

The pilot project will focus on the Benin-Lagos transmission corridor, a critical artery supplying power to Ogun and Lagos, Nigeria’s industrial and commercial hubs. GAMCO plans to recover this capacity within 18 to 24 months by developing a new high-capacity 330KV+ double-circuit transmission line.

The broader vision is ambitious: to transform underperforming national assets into reliable megawatts, enhance industrial productivity, safeguard jobs, and boost investor confidence. By mobilising private capital and enforcing disciplined asset management, GAMCO aims to modernise Nigeria’s transmission infrastructure and create a scalable model for grid stabilisation nationwide.

This move underscores Tinubu’s “Renewed Hope Agenda,” positioning energy reform as a cornerstone of national development. If successful, GAMCO could mark a turning point in Nigeria’s quest for reliable electricity, unlocking economic growth and improving welfare outcomes for millions of households.