The Federal Government has announced plans to establish a Grid Asset Management Company as part of efforts to strengthen Nigeria’s electricity transmission infrastructure and improve power supply across the country.
Minister Mohammed Idris disclosed the development, stating that the proposed company will focus on managing and optimizing grid assets to enhance efficiency, reliability, and long-term sustainability within the power sector. The initiative is expected to address structural and operational challenges affecting electricity transmission nationwide.
According to the minister, the move aligns with broader reforms aimed at modernizing Nigeria’s power infrastructure, reducing system failures, and boosting investor confidence in the energy market. The Grid Asset Management Company is anticipated to oversee maintenance, expansion, and strategic upgrades of critical transmission assets.
Energy analysts note that strengthening grid management is essential to stabilizing electricity supply, particularly as generation capacity increases and demand continues to grow. Improved asset management could help reduce outages, minimize technical losses, and support economic productivity.
The Federal Government reaffirmed its commitment to implementing structural reforms designed to deliver more reliable and efficient electricity to households, businesses, and industrial users across the nation.
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