Chukwu Obinna 
ABUJA, Nigeria – President Bola Tinubu proposes the creation of a Grid Asset Management Company (GAMCO) to tackle Nigeria’s persistent electricity transmission challenges.
The proposal emerges from Wednesday’s Federal Executive Council meeting at the State House in Abuja.
Minister of Information Mohammed Idris says the initiative originates directly from the president rather than a ministry — an unusual step within Nigeria’s policy process.
“The proposal was contained in a memorandum presented to council by President Tinubu himself,” Idris tells journalists.
According to Idris, the president identifies the transmission segment as the weakest link in Nigeria’s power supply chain since the electricity sector was unbundled into generation, transmission and distribution.
“The president has seen that the major problem in solving Nigeria’s electricity challenge lies in the transmission section,” he says.
The council approves the formation of an inter-ministerial committee to develop GAMCO’s operational and legal framework.
Members will include ministers responsible for power, gas, works, finance and science and technology, alongside the Attorney-General of the Federation and the chairman of the Federal Inland Revenue Service.
The committee will examine regulatory and investment issues before submitting recommendations to the National Assembly, where enabling legislation may be required.
Idris says the government believes reliable electricity is essential for industrial growth.
“For Nigeria to industrialise, the power sector must work effectively,” he adds.
In a separate decision, the council also approves an enhanced exit benefit package for civil servants under the Contributory Pension Scheme, allowing eligible retirees to receive up to 100 per cent of their total emoluments.
Officials say the measure aims to improve morale and efficiency across the federal civil service.
About the Author
Hussaini Ibrahim 
