{"id":126050,"date":"2026-03-07T08:04:08","date_gmt":"2026-03-07T07:04:08","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=126050"},"modified":"2026-03-07T08:04:08","modified_gmt":"2026-03-07T07:04:08","slug":"tinubu-sets-up-11-member-committee-to-drive-power-grid-reform","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/tinubu-sets-up-11-member-committee-to-drive-power-grid-reform\/","title":{"rendered":"Tinubu Sets Up 11-Member Committee to Drive Power Grid Reform"},"content":{"rendered":"<div style=\"text-align: justify;\">By Lizzy Chirkpi<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">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\u2019s electricity sector.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The committee\u2019s formation followed the approval by the Federal Executive Council for the establishment of the company during its meeting on Wednesday.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In proposing GAMCO, President Tinubu aims to fast-track solutions to the long-standing problems of stranded power, poor grid management and inefficiencies in the country\u2019s electricity transmission system.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Chief of Staff to the President, Femi Gbajabiamila, who inaugurated the committee on behalf of the President, said the initiative represents a critical step toward achieving the administration\u2019s vision for Nigeria\u2019s power sector.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe proposed establishment of GAMCO is one of the revolutionary steps taken by Mr. President and this administration in the all-important power sector,\u201d Gbajabiamila said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cWe 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,\u201d he added.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He urged members of the committee to align with the President\u2019s vision and remain committed to the mandate assigned to them.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to him, the committee will undertake a comprehensive review of existing laws, regulations, policies and institutional frameworks governing the electricity value chain.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe 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,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Gbajabiamila further explained that the panel would examine the implications of the Electricity Reform Laws and related unbundling arrangements on asset ownership, management and regulatory oversight within the power sector.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added that the committee would also identify areas of conflict, overlap or inconsistency between the proposed GAMCO framework and existing legal and regulatory instruments.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Members of the committee include: the Chief of Staff to the President, Femi Gbajabiamila, who serves as Chairman; the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN); the Minister of Power; the Minister of Works; the Minister of Finance; the Minister of Communications and Digital Economy; the Minister of Science, Technology and Innovation; the Minister of Aviation and Aerospace Development; the Minister of State for Petroleum; the Chairman of the Nigeria Revenue Service; and renowned energy law expert, Professor Yemi Oke. The Permanent Secretary, Cabinet Affairs Office, Dr John Chidiebere Ezeamama, will serve as Secretary of the committee.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The move, according to the presidency, is expected to strengthen Nigeria\u2019s electricity transmission infrastructure and improve the overall efficiency of the power sector.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Grid Asset Management Company Limited is designed as a government-owned commercial venture that will optimise stranded power generation and improve transmission efficiency, starting with a pilot phase along the Benin\u2013Lagos transmission corridor.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>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&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":119657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-126050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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