Politics

Tinubu Inaugurates Committee to Launch GAMCO, Tackle Nigeria’s Troubled Power Grid

Published by Akinwale Fakinlede on March 6th, 2026.

Tinubu Inaugurates Committee to Launch GAMCO, Tackle Nigeria’s Troubled Power Grid

President Bola Ahmed Tinubu has inaugurated a high-level committee tasked with establishing the Grid Assets Management Company (GAMCO) as part of renewed efforts to address persistent challenges within Nigeria’s electricity transmission network.

The initiative is aimed at stabilizing the country’s fragile power grid and improving the efficiency of electricity delivery across the nation. The newly formed committee has been mandated to develop a framework for the creation and operation of GAMCO, which is expected to take responsibility for managing and upgrading critical grid infrastructure currently under the control of the Transmission Company of Nigeria.

Speaking during the inauguration ceremony in Abuja, President Tinubu emphasized that strengthening the national grid remains a top priority for his administration. He noted that frequent grid collapses and outdated infrastructure have continued to hinder reliable power supply, affecting industries, businesses, and households across the country.

According to the President, the establishment of GAMCO is designed to introduce a more efficient structure for managing grid assets while encouraging greater investment in the power sector. By separating asset ownership and management from operational responsibilities, the government hopes to accelerate modernization of transmission facilities and reduce the recurring failures that have plagued the system for years.

Nigeria’s electricity sector has struggled with persistent problems since the privatization of generation and distribution companies in 2013. Despite reforms, the transmission network has remained largely under government management through the Transmission Company of Nigeria, which experts say lacks the capacity and funding required to maintain and expand the grid.

Tinubu stated that GAMCO would function as a specialized entity focused on the maintenance, rehabilitation, and expansion of transmission infrastructure. He added that the committee’s recommendations would guide the government in ensuring that the new company operates transparently and attracts both local and international investment.

The committee comprises senior government officials, energy experts, and representatives from key institutions within the power sector. Their assignment includes designing the governance structure, funding model, and operational guidelines that will guide the new asset management company.

Industry stakeholders have welcomed the move, describing it as a potential turning point for Nigeria’s struggling power sector. Many analysts believe that a dedicated asset management framework could help reduce grid failures and improve coordination between generation companies, the transmission network, and distribution firms.

Observers also note that improving grid reliability is essential for economic growth, especially as Nigeria seeks to expand industrial production and attract foreign investment.

President Tinubu urged members of the committee to approach their task with urgency and commitment, stressing that millions of Nigerians are counting on meaningful reforms in the power sector. He expressed confidence that the creation of GAMCO would lay the foundation for a more stable and resilient electricity system capable of supporting the country’s development goals.

The committee is expected to submit its recommendations to the federal government in the coming months, paving the way for the formal launch of GAMCO and the beginning of comprehensive reforms aimed at fixing Nigeria’s troubled national grid.