Earlier today, I was at the State House, Aso Rock, Abuja, where I was part of an 11-member committee inaugurated to ensure the smooth sailing incorporation of the Grid Asset Management Company Limited (GAMCO) which was proposed by Mr. President and approved last Wednesday at the Federal Executive Council.
President Tinubu hopes to fast-track a quick-fix solution to the endemic problems of stranded power, grid management and transmission in the country’s electricity sector by this new initiative.
The Chief of Staff to the President, Femi Gbajabiamila, who performed the inauguration on behalf of the President, said the committee was critical to the realisation of President Tinubu’s aspirations in Nigeria’s power sector.
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.
It will examine the implications of the Electricity Reform Laws (2025) and related unbundling arrangements on asset ownership, management, and regulatory oversight. It will identify areas of conflict, overlap, or inconsistency between the proposed GAMCO framework and extant legal and regulatory instruments.
BY FESTUS KEYAMO.
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