President Bola Ahmed Tinubu on Friday night pledged a decisive intervention to tackle Nigeria’s persistent electricity outages, announcing that the newly established Grid Asset Management Company (GAMCO) will inject an additional 1,500 megawatts into a new grid corridor. The move aims to stabilise transmission and ease the chronic power shortages affecting households and businesses across the country.
Speaking at the 4th Elective National Convention of the All Progressives Congress (APC) at Eagle Square, Abuja, Tinubu assured Nigerians that his administration is fully committed to improving electricity supply.
“I assure you, many of you lamenting the problems of electricity power. Yes, we are paying attention to that,” he said.
As part of measures to strengthen the sector, the President revealed that the GAMCO initiative will directly enhance the grid’s capacity and improve reliability. “The Grid Asset Management Company weekly, 1,500 megawatts into a new grid corridor,” he stated.
Tinubu also highlighted that reforms in the power sector will address funding mechanisms and operational constraints, noting, “We are going to improve. Electricity will become better and be assured.”
Linking stable electricity to broader economic growth, the President stressed that reliable power is key to boosting industrial activity and creating opportunities. “There will be opportunity and progress in our industrial life,” he said, while acknowledging the sector’s structural challenges, including debts to Generation Companies and ageing transmission infrastructure.
Following many grid collapses in 2025 and 2026 that left millions without power, the president’s remarks come amid public annoyance over frequent blackouts. The Federal Executive Council authorized the GAMCO plan on March 4 with the goal of optimizing transmission assets and reestablishing trust in Nigeria’s electrical supply.
The president also defended his administration’s reform agenda, saying difficult decisions were necessary for long-term stability.
He stated, “We knew the road to reform would be tough but no nation rises by hiding from the truth. No economy grows by sustaining wasteful subsidies.”
“The sacrifices of today are laying the foundation for Nigeria’s prosperity tomorrow. We are moving from survival mode to stability and steadily towards an era of prosperity.”
“Inflation has declined steadily for eight consecutive months while business confidence is returning.”
