FG Debunks Plans to Sell TCN

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The Ministry of power has debunked rumors of selling the Transmission company of Nigeria (TCN) and has appealed to the general public to disregard and information regarding such. The Special Adviser to the minister of power, Mallam Isa Sanusi, said the rumor had surfaced due to media reports claiming that there were plans to sell the company.

He denoted that some of the reports which stated that the privatisation was to take place in the coming months were false. “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 federal government 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 Minister stated.

According to the information, the TCN remains the ‘center piece’ of the federal government’s efforts to regenerate 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 power ministry said. The ministry also stated that as part of the repositioning of TCN, job opportunities are being created in the country as with the recently increased rate of in enjoyment, despite the claims of privatisation.

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