The Renewed Hope Ambassador Coordinator for Agege Federal Constituency, High Chief (Alhaji) Ganiyu Kola Egunjobi, has commended President Bola Ahmed Tinubu for establishing the Grid Asset Management Company (GAMCO), describing the initiative as a bold and strategic step toward strengthening Nigeria’s electricity transmission system and restoring stability to the national power grid.
Egunjobi said the creation of GAMCO represents one of the most significant reforms introduced by the current administration in the power sector, particularly in addressing long-standing structural challenges within Nigeria’s electricity value chain.
According to him, the initiative demonstrates the President’s commitment to building a more efficient and professionally managed transmission infrastructure capable of delivering generated electricity across the country without the technical losses and operational inefficiencies that have affected the sector for decades.
He noted that the establishment of the Grid Asset Management Company is expected to introduce a modern framework for managing national grid assets while improving coordination across the electricity market, including generation, transmission, distribution and regulatory oversight.
Egunjobi explained that the committee responsible for the programme will undertake a comprehensive review of existing policies, institutional frameworks and relevant legislation guiding the electricity sector, with particular attention to the implications of ongoing electricity reforms and the restructuring of the industry.
The Agege political leader added that the review would help identify regulatory overlaps, legal inconsistencies and structural gaps that could hinder the effective implementation of the GAMCO framework.
“President Tinubu has once again demonstrated the kind of leadership Nigeria requires at this critical moment,” Egunjobi said, noting that the reform signals a deliberate effort to build stronger institutions within the power sector capable of delivering reliable electricity to homes, businesses and industries.
He further stated that the initiative could attract significant investment in power infrastructure, strengthen regulatory independence and encourage greater private sector participation in Nigeria’s electricity market.
Egunjobi also noted that the reforms reflect a shift toward long-term planning and a culture of regular maintenance of electricity infrastructure, a practice he said has helped advanced economies maintain stable power systems.
He added that strengthening the transmission backbone of the electricity industry would unlock stranded generation capacity, improve electricity supply to households and businesses and position Nigeria for long-term energy security and sustainable economic growth.
