Tinubu inaugurates committee for Grid Asset Management Company
Bola Ahmed Tinubu has inaugurated an 11-man committee tasked with driving the incorporation of a new entity known as the Grid Asset Management Company as part of efforts to strengthen Nigeria’s electricity transmission system.
The committee was established to develop a framework for the creation and operational structure of the proposed company, which will focus on managing and maintaining critical power grid infrastructure across the country. The move is seen as part of ongoing reforms aimed at improving efficiency, transparency, and reliability within Nigeria’s power sector.
According to government officials, the initiative is intended to address long-standing challenges affecting the national grid, including inadequate maintenance, aging infrastructure, and operational inefficiencies. The proposed company will work closely with the Transmission Company of Nigeria to ensure better management of grid assets and improved electricity distribution nationwide.
Experts in the power sector say the establishment of a dedicated grid asset management company could help attract investment and enhance the technical management of transmission infrastructure. By separating asset ownership from operational management, the government hopes to improve accountability and ensure that grid facilities are maintained according to international standards.
The committee has been mandated to outline the legal, financial, and operational framework for the company, including governance structures, funding mechanisms, and partnerships with both public and private stakeholders. Its recommendations are expected to guide the formal incorporation of the Grid Asset Management Company and determine how it will function within Nigeria’s electricity market.
Nigeria has faced persistent power supply challenges for decades despite several reforms in the energy sector. Analysts believe that improved grid management could play a significant role in reducing frequent system collapses and increasing the stability of electricity supply.
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