President Bola Tinubu has initiated plans for the establishment of a Grid Asset Management Company, GAMCO, as part of efforts to address Nigeria’s persistent electricity challenges, particularly in the transmission segment of the power sector.

The Minister of Information and National Orientation, Mohammed Idris, disclosed this midweek, while briefing State House correspondents after the Federal Executive Council, FEC, meeting presided over by the President.

Idris said the proposal was contained in a memorandum presented to the Council by President Tinubu himself for deliberation.

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March 4, 2026

Tinubu proposes Grid Asset Management Company to fix power sector
Tinubu proposes Grid Asset Management Company to fix power sector
President Bola Tinubu

… As FEC sets up committee to design framework for GAMCO

… Initiative targets transmission bottlenecks in electricity supply
––Approves exit benefit scheme for retiring civil servants

By Johnbosco Agbakwuru

ABUJA — PRESIDENT Bola Tinubu has initiated plans for the establishment of a Grid Asset Management Company, GAMCO, as part of efforts to address Nigeria’s persistent electricity challenges, particularly in the transmission segment of the power sector.

The Minister of Information and National Orientation, Mohammed Idris, disclosed this on Wednesday while briefing State House correspondents after the Federal Executive Council, FEC, meeting presided over by the President.

Idris said the proposal was contained in a memorandum presented to the Council by President Tinubu himself for deliberation.

He explained that the initiative is aimed at strengthening the transmission component of Nigeria’s electricity value chain, which the government considers the most critical bottleneck in the country’s quest for stable power supply.

According to the minister, the power sector was unbundled following its deregulation into three segments, generation, transmission and distribution, but the transmission arm remains the weakest link in the system.

“You recall that since the deregulation of the power sector, the sector is divided into three categories: generation, transmission and distribution.

“The President has seen that where the problem is mainly in our quest to solve the power problem is largely in the transmission section”, Idris said.

He said the proposed Grid Asset Management Company is intended to manage and strengthen the national electricity grid in order to improve power delivery across the country.