Bola Ahmed Tinubu has set up an 11-member committee to oversee the smooth incorporation of the Grid Asset Management Company Limited (GAMCO).
The inauguration of the committee was carried out on Friday in Abuja by the President’s Chief of Staff, Femi Gbajabiamila, who represented the President at the event.
Gbajabiamila explained that the committee would play an important role in advancing the President’s reform agenda for Nigeria’s power sector.
The formation of the committee follows the approval granted by the Federal Executive Council during its meeting on Wednesday for the establishment of the new company.
According to Gbajabiamila, the creation of GAMCO is expected to help address long-standing challenges in the electricity sector, particularly issues relating to stranded power, grid management and transmission.
“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 (GAMCO), which is basically to optimise and revolutionise power generation, and in particular, the grid and transmission sector,” Gbajabiamila said.
The Chief of Staff urged members of the committee to align with the President’s vision behind the initiative and to carry out their responsibilities in line with the mandate assigned to them.
He added that the committee would undertake a detailed review of the current laws, regulations, policies and institutional structures governing the electricity value chain, including generation, transmission, distribution and market operations.
Gbajabiamila, who previously served as Speaker of the House of Representatives, also noted that the committee would assess the implications of the Electricity Reform Laws (2025) and related unbundling arrangements on asset ownership, management and regulatory oversight.
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