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President Tinubu inaugurates 11-member committee to oversee smooth incorporation of GAMCO.
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Committee to review electricity laws and frameworks, focusing on generation, transmission, distribution, and market operations.
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Pilot phase targets Benin-Lagos corridor, aiming to recover 1,600 MW and modernize critical transmission lines.
President Bola Tinubu has inaugurated an 11-member committee to facilitate the establishment of the Grid Asset Management Company Limited (GAMCO), following approval by the Federal Executive Council.
The committee, chaired by the Chief of Staff to the President, Femi Gbajabiamila, includes the Attorney-General and Minister of Justice, Ministers of Power, Works, Finance, Communication and Digital Economy, Science, Technology and Innovation, Aviation and Aerospace Development, Petroleum, the Chairman of the Nigeria Revenue Service, and energy expert Yemi Oke.
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The Permanent Secretary of the Cabinet Affairs Office, John Ezeamama, serves as secretary.
The committee will review existing laws, regulations, and policies, examine implications of the 2025 Electricity Reform Laws, and assess asset ownership and management of NIPP and Niger Delta Power Holding Company facilities, including the Omotosho, Olorunsogo, and Ihovbor plants.
GAMCO aims to recover stranded power, starting with the Benin-Lagos transmission corridor, improve electricity reliability, attract private investment, and boost industrial productivity.
The pilot phase targets 1,600 MW recovery within 18–24 months, alongside a new high-capacity 330kV+ double-circuit transmission line.
The initiative aligns with the Tinubu administration’s Renewed Hope Agenda, seeking enhanced energy efficiency, job security, and improved investor confidence nationwide.
