Tinubu constitutes committee to manage Grid Asset Management Company

President Bola Tinubu has constituted an 11-member committee to guarantee the creaseless sailing incorporation of the Grid Asset Management Company Limited, GAMCO.

The Chief of Staff to the President, Femi Gbajabiamila, performed the inauguration connected behalf of the President connected Friday successful Abuja.

Gbajabiamila said the committee was captious to the realisation of President Tinubu’s aspirations successful Nigeria’s powerfulness sector.

The constitution of the committee followed the Federal Executive Council’s support for the constitution of the institution astatine its Wednesday meeting.

According to Gbajabiamila, successful proposing GAMCO, President Tinubu hopes to fast-track a quick-fix solution to the endemic problems of stranded power, grid absorption and transmission successful the country’s energy sector.

“The projected constitution of GAMCO is 1 of the revolutionary steps taken by Mr President and this medication successful the each – important powerfulness sector.

“We are present for the inauguration of the Committee connected Grid Asset Management Company (GAMCO), which is fundamentally to optimise and revolutionise powerfulness generation...