Nigeria establishes Grid Asset Management Company
Analysis based on 11 articles · First reported Mar 06, 2026 · Last updated Mar 06, 2026
The establishment of Grid Asset Management Company (GAMCO) by Bola Tinubu's administration is expected to significantly improve Nigeria's power sector, potentially boosting industrial productivity and investor confidence. This initiative aims to unlock 1,600 MW of stranded power, which could lead to increased market liquidity and better revenue structures within the electricity value chain.
President Bola Tinubu has inaugurated an 11-member committee to oversee the establishment of the Grid Asset Management Company Limited (GAMCO) in Nigeria. This initiative, approved by the Nigeria — Executive Council, aims to address persistent power sector challenges, including stranded power generation, transmission bottlenecks, and grid management inefficiencies. Chaired by Femi Gbajabiamila, the committee will review existing laws, regulations, and institutional frameworks, and assess assets from the Niger Delta Power Holding Company and Nigerian National Integrated Power Project, particularly the Omotosho, Olorunsogo, and Ihovbor power plants for a pilot phase. GAMCO, a fully government-owned commercial venture, projects to recover at least 1,600 MW within 18-24 months and develop a new high-capacity transmission line along the Benin-Lagos corridor. The goal is to modernize transmission, enhance industrial productivity, safeguard jobs, and improve investor confidence and household welfare in Nigeria.
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