Tinubu Inaugurates High-Level Committee to Launch GAMCO for Grid Reform
By 𝔸bdulrazak Tomiwa
President Bola Tinubu has officially constituted an 11-member committee to oversee the incorporation and take-off of the Grid Asset Management Company Limited (GAMCO).
The committee’s formation follows a Federal Executive Council approval on Wednesday, marking a decisive move to fix Nigeria’s long-standing issues with stranded power and grid instability.
Inaugurating the body on behalf of the President, Chief of Staff Femi Gbajabiamila described the establishment of GAMCO as a “revolutionary step” for the nation’s struggling power sector.
The primary goal of GAMCO is to optimize power generation and modernize the transmission network, specifically targeting bottlenecks that prevent generated electricity from reaching consumers.
Gbajabiamila tasked the committee with a comprehensive review of the Electricity Reform Laws (2025) to ensure the new company aligns with existing legal and regulatory frameworks.
The committee will specifically evaluate the legal status and contractual obligations of the Niger Delta Power Holding Company (NDPHC) and various National Integrated Power Project (NIPP) assets.
GAMCO’s pilot phase will focus on the Benin-Lagos transmission corridors, which serves as the main energy artery for Nigeria’s largest industrial hubs in Lagos and Ogun states.
The company aims to unlock and recover at least 1,600 MW of stranded electricity within an ambitious timeline of 18 to 24 months.
Optimization efforts will focus on three major NIPP plants: Omotosho (513 MW), Olorunsogo (754 MW), and Ihovbor (508 MW), which are currently under-optimized.
The project includes the development of a new, high-capacity 330kV+ double-circuit transmission line to run parallel to the existing infrastructure along the identified corridor.
Owned entirely by the Federal Government, GAMCO will operate as a commercial venture with shares held by the Ministry of Finance Incorporated.
The committee includes high-ranking officials such as the Attorney-General, the Minister of Power, and the Minister of Finance, alongside energy expert Professor Yemi Oke.
This initiative seeks to address the massive public funds currently “locked” in NIPP assets that cannot deliver full value due to operational and evacuation inefficiencies.
Under the proposed plan, the Transmission Company of Nigeria (TCN) will grant GAMCO the rights to develop and operate independent greenfield transmission lines.
The Presidency maintains that the success of this pilot will create a scalable model to stabilize the national grid and boost industrial productivity across Nigeria.
