US EditionNigeria: Erratic Electricity - Nigeria to Establish Grid Asset Management Company
The 11-member committee will develop GAMCO's framework to optimize Nigeria's power grid and assess assets including NDPHC and NIPP plants, aiming to fix transmission issues.
- On Wednesday, President Bola Tinubu constituted an 11-member committee to oversee the establishment of the Grid Asset Management Company Limited following Federal Executive Council approval at the State House, Abuja, with Femi Gbajabiamila, Chief of Staff, inaugurating the committee on his behalf.
- Driven by industrialisation goals, President Tinubu proposed GAMCO to fix power transmission and stranded power issues, addressing persistent electricity challenges.
- The committee includes the Ministers of Power, State for Gas, Works, Finance, the Attorney‑General of the Federation, Chairman of the Nigeria Revenue Service, and Professor Yemi Oke to assess NDPHC and NIPP assets, piloting Omotosho, Olorunshogo, and Ihovbor.
- Recommendations will be forwarded to the National Assembly where legislative action is required, following the FEC approval of an inter‑ministerial committee to develop operational framework.
- Stakeholders warned that GAMCO could duplicate roles of Nigeria Integrated System Operator and Transmission Company of Nigeria, raising concerns for existing investors and operators in the Nigerian power sector.
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14 Articles
Premium Times Nigeria
Tinubu inaugurates committee on Grid Asset Management Company
The committee will conduct a comprehensive review of existing laws, regulations, policies, and institutional frameworks governing the electricity value chain, including generation, transmission, distribution, and market operations. The post Tinubu inaugurates committee on Grid Asset Management Company appeared first on Premium Times Nigeria.
Daily Post Nigeria
justnewsline.comNigerian Govt inaugurates committee on Grid Asset Management Company
President Bola Tinubu on Friday constituted an 11-member committee on the establishment of the Grid Asset Management Company Limited, GAMCO, aimed at addressing the national grid challenge. A statement by presidential spokesman, Bayo Onanuga, said the constitution of the committee followed the Federal Executive Council’s approval for the establishment of the company at its Wednesday meeting. DAILY POST reports that in proposing GAMCO, President …
Towards Optimising The Power Sector, President Tinubu Inaugurates Committee on Grid Asset Management Company (GAMCO)
STATEHOUSE PRESS RELEASE President Bola Tinubu on Friday constituted an 11-member committee to ensure the smooth sailing incorporation of the Grid Asset Management Company Limited (GAMCO). The constitution of the committee followed the Federal Executive Council’s approval for the establishment of the company at its Wednesday meeting. In proposing GAMCO, President Tinubu hopes to fast-track a quick-fix solution to the endemic problems of stranded…
Tinubu Sets Up 11-Member Committee to Drive Power Grid Reform
By Lizzy Chirkpi President Bola Ahmed Tinubu on Friday constituted an 11-member committee to ensure the smooth incorporation of the Grid Asset Management Company Limited (GAMCO) as part of efforts to address persistent challenges in Nigeria’s electricity sector. The committee’s formation followed the approval by the Federal Executive Council for the establishment of the company during its meeting on Wednesday. In proposing GAMCO, President Tinub…
Tinubu moves to fix Nigeria’s power grid, inaugurates committee for GAMCO
President Bola Tinubu on Friday constituted an 11-member committee to ensure the smooth sailing incorporation of the Grid Asset Management Company Limited (GAMCO). The committee’s constitution followed the Federal Executive Council’s approval of the company’s establishment at its Wednesday meeting. In proposing GAMCO, President Tinubu hopes to fast-track a quick-fix The post Tinubu moves to fix Nigeria’s power grid, inaugurates committee for GAM…
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