The Federal Executive Council (FEC) in Nigeria has made a significant decision to establish a Grid Asset Management Company (GAMCO), aimed at tackling the nation's long-standing power transmission challenges. This approval came during a meeting at the State House in Abuja, where the Minister of Information, Mohammed Idris, emphasized the initiative's importance in addressing Nigeria's persistent power issues. He noted the government's recognition that the core problem in the power sector lies within transmission, making the establishment of GAMCO a crucial step forward.

Mohammed Idris highlighted that the decision was part of the administration's broader efforts to enhance the power sector, specifically targeting the transmission segment, which has been a bottleneck in providing reliable electricity to the populace. The Minister shared that President Muhammadu Buhari's vision involves a comprehensive approach to resolve these challenges and that the bill proposing the establishment of GAMCO aligns with this vision. The initiative is expected to facilitate better management and maintenance of power grid assets, which could lead to improved services.

To ensure the effective implementation of GAMCO, a committee has been formed, including key ministers and government officials relevant to the power and infrastructure sectors. This committee will oversee the seamless establishment of the company, which could potentially revolutionize Nigeria's energy landscape if successfully executed. The approval and forthcoming actions signify the government's commitment to improving the power transmission system, which is integral to fostering economic growth and social development in Nigeria.