- TCN remains the ‘centrepiece’ in the FGN’s efforts to rejuvenate the power sector.
- No plan to sell the Transmission Company of Nigeria (TCN).
The ministry of power has stated that there is no plan to sell the Transmission Company of Nigeria (TCN), urging the public to disregard any statement regarding a ‘non-existing’ plan to privatise the entity.
Special Adviser to the Minister of Power, Mallam Isa Sanusi, said the rebuttal was coming in response to media reports claiming that there was a plan to sell the company.
He quoted some reports as falsely claiming that privatisation would occur in the coming months.
“The federal government (FGN) has no intent to sell or privatise the Transmission Company of Nigeria, and no one in the FGN has made a statement of an intent to sell TCN,” the ministry stated.
TCN remains the ‘centrepiece’ in the federal government’s efforts to rejuvenate the power sector. The ministry of power is working with key stakeholders to evaluate, assess and upgrade TCN to make it more efficient and transparent.