According to a report by The Punch on Saturday, March 7, 2026, President Bola Tinubu has taken a major step toward ending Nigeria’s recurring power failures by inaugurating an 11-member committee to oversee the takeoff of the Grid Asset Management Company Limited (GAMCO).
This new entity is specifically designed to tackle the long-standing transmission bottlenecks that have left the country in darkness despite having the capacity to generate more electricity.
The committee, chaired by the Chief of Staff to the President, Femi Gbajabiamila, was officially inaugurated on Friday.
The team includes high-ranking officials such as the Attorney-General of the Federation, the Minister of Power, and the Minister of Finance.
Their primary task is to review existing electricity laws and ensure a smooth transition as GAMCO takes over the management of critical power assets.
In its pilot phase, GAMCO will focus on the Benin-Lagos transmission corridor. This area is vital as it supplies power to Nigeria’s largest industrial hubs in Ogun and Lagos states.
The government plans to use three major power plants—Omotosho, Olorunsogo, and Ihovbor—to recover at least 1,600MW of “stranded” electricity within the next 18 to 24 months.
Currently, Nigeria produces between 4,000MW and 5,700MW, even though it has the infrastructure to generate over 12,000MW.
The gap is largely due to a weak national grid that collapses frequently. By creating a parallel high-capacity transmission line along the Benin-Lagos axis, GAMCO aims to move power more reliably from plants to homes and factories.
If this pilot phase succeeds, the government intends to scale the model across the entire country, providing a long-term solution to the nation’s energy crisis.