The Federal Government stated on Wednesday that there is no plan to sell the Transmission Company of Nigeria and encouraged the public to disregard statements about a non–existent plan to privatise the government-owned electricity provider.Infomation Guide Nigeria
It stated that this was in response to media allegations and statements indicating that there was a plot to privatise TCN. According to the Federal Ministry of Power, several of the sources mistakenly claimed that the aforementioned privatisation will take place in the following months.
“These reports are untrue and are only mere misinformation aimed at spreading panic in the power sector, which is making progress towards ensuring that Nigerians enjoy uninterrupted power supply,” the FMP said in a statement issued in Abuja by the media aide to the Minister of Power, Isa Sanusi.
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The ministry added, “The Federal Government has no intent to sell or privatise the Transmission Company of Nigeria, and no one in government has made a statement of an intent to sell TCN.
“The TCN is a centrepiece in the Federal Government’s efforts to rejuvenate the power sector. Therefore, the Ministry of Power, working with key stakeholders, is continuing to evaluate, assess and upgrade TCN to make it more efficient and transparent.”
“The organisation has also been carrying out sustained capacity-building by training and retraining of staff across all cadres for efficiency and service delivery,” the ministry stated.
It added, “Transmission is a vital segment of the electricity value chain that constantly needs significant investment. As is the best practice across the world, the government of Nigeria maintains the transmission segment of the power value chain even when other segments have been privatised.”
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