No Plan To Privatise Transmission Company -Minister

By Golfa Francis

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Nigeria’s Ministry of Power says, there is no plan to sell the Transmission Company of Nigeria TCN as it urges the public to dismiss such insinuations.

 

The Minister was responding to media reports and statements claiming that there was plan to privatise the TCN.

 

Some of the reports falsely claimed that the said privatisation was to take place in coming months.

 

These reports are untrue and are only mere misinformation aimed at spreading panic in the power sector, which is making progress in ensuring that Nigerians enjoy uninterrupted power supply,”the Minister said.

 

He reemphasised that the government of Nigeria has not made a statement of intent to sell TCN.

 

The Transmission Company of Nigeria (TCN) is a centrepiece in Nigeria government’s efforts to rejuvenate the power sector.

 

Upgrade TCN

The Ministry of Power with key stakeholders are continuously working to evaluate, assesses and upgrade TCN to make it more efficient and transparent.

 

As part of the repositioning of TCN,  job opportunities are being created, as with the recently concluded ramp up of employment, contrary to claims of plan on mass disengagement of members of staff of the TCN.

 

Efficiency And Service Delivery

The Organisation has also been carrying out sustained capacity building by training and retraining of members of staff across all cadre for efficiency and service delivery.

 

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,” the power Minister said.

 

The government is investing and supporting efforts to make TCN a world-class transmission service provider.

 

Nigerian government under the leadership of President Muhammadu Buhari focuses on upgrading, stabilising and modernising the country’s power industry through various interventions, including the Nigeria-Siemens partnership under the Presidential Power Initiative.

 

Lateefah Ibrahim