Controversy as FEC approves Grid Asset Management Company to fix blackout in Nigeria

Controversy is trailing the constitution of Grid Asset Management Company, GAMCO, to hole the nationalist grid and blackout situation successful Nigeria.

The Federal Executive Council, FEC, made the support astatine its gathering connected Wednesday.

Minister of Information and National Orientation, Mohammed Idris, said the firm’s constitution would fortify the energy transmission worth chain.

“The President has seen that wherever the occupation is chiefly successful our quest to lick the powerfulness occupation is mostly successful the transmission section,” the curate said portion announcing the support aft the FEC meeting.

However, the support has stirred contention arsenic experts successful the country’s energy assemblage raised alarm implicit duplication of roles with Nigeria Integrated System Operator, NISO, and Transmission Company of Nigeria, TCN, astatine a clip the assemblage faces a liquidity crisis.

The Chief Executive Officer of the Association of Power Generation Companies, Dr. Joy Ogaji, queried the duplication of roles with NISO and GAMCO’s legality successful enactment with the Electricity Act, 2023.

“This raises galore questions. What is NISO’s role? Is this enactment successful accordance with the EA 2023? ⁠Is TSP be...