The Federal Government has launched the Renewable Asset Management Company in Abuja, a new institution built to professionalise how Nigeria manages its power infrastructure and end the pattern of energy assets declining in performance shortly after commissioning.
Announcing the launch, officials said the country has too often measured success by ribbon cuttings alone, with RAMCO designed to shift that culture toward stewardship, governance discipline and measurable performance, protecting existing infrastructure and ensuring every naira invested in energy projects produces sustained service for Nigerians.
The government said its ambition extends beyond simply ending darkness, framing electricity as a tool for building prosperity, making Nigeria competitive for manufacturing, powering the next generation of digital infrastructure, supporting hospitals, modernising agriculture and expanding opportunity in rural communities.
Officials credited the leadership of President Bola Ahmed Tinubu and the collaboration of partners including the Ministry of Finance Incorporated, Infracorp and the Rural Electrification Agency for making the launch possible, positioning RAMCO as the custodian responsible for maintaining solar hybrid and other power installations across the country going forward.
By Asiwaju Adekunle Saheed
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