- Tinubu Sets Up 11-Member Committee to Establish GAMCO for Power Sector Reform
- Gbajabiamila said the committee’s assignment is crucial to the administration’s efforts to reform the country’s power sector
- The outcome of the committee’s work is expected to guide the operational framework for the new company
President Bola Ahmed Tinubu has constituted an 11-member committee to oversee the smooth incorporation of the Grid Asset Management Company Limited (GAMCO), a new initiative aimed at addressing long-standing challenges in Nigeria’s electricity sector.
Eko Hot Blog reports that the committee was inaugurated on Friday in Abuja by the President’s Chief of Staff, Femi Gbajabiamila, who represented the President at the ceremony.
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Gbajabiamila said the committee’s assignment is crucial to the administration’s efforts to reform the country’s power sector, particularly in improving grid management and transmission efficiency.
He explained that the move followed the approval granted by the Federal Executive Council for the establishment of the company during its meeting earlier in the week.
According to him, the proposed company is expected to help tackle persistent issues such as stranded electricity, weak grid infrastructure and inefficiencies in power transmission.
“The establishment of GAMCO is one of the key steps taken by the President to transform the power sector, especially the grid and transmission system,” Gbajabiamila said.
He urged members of the committee to align with the administration’s vision and diligently carry out their responsibilities.
Gbajabiamila also noted that the committee would undertake a comprehensive review of existing laws, regulations and policies governing the electricity value chain, including power generation, transmission, distribution and market operations.
He added that the panel would also examine the implications of the Electricity Reform Laws (2025) and other related reforms on asset ownership, management structures and regulatory oversight within the sector.
The outcome of the committee’s work is expected to guide the operational framework for the new company and support broader reforms aimed at stabilising Nigeria’s power supply.
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