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Wednesday, February 1, 2023

No Plan To Privatize TCN, FG Clarifies

The Federal Government, through the Ministry of Power, stated that there is no plan to privatize the Transmission Company of Nigeria (TCN), urging the public to disregard claims that the company is being sold.

Engineer Abubakar Aliyu, Minister of Power, made the announcement on Wednesday through his SA Media, Malam Isa Sanusi.

“This is a response to media reports and statements claiming that there is a plan to privatize TCN.

“Some of the reports even falsely claimed that the said privatization is going to take place in coming months,” the ministry said.


According to him, these reports are false and are only intended to cause panic in the power sector, which is working to ensure that Nigerians have uninterrupted power supply.

He went on to say that the federal government has no plans to sell or privatize the company, and that no government official has expressed a desire to sell the TCN.

“The Transmission Company of Nigeria (TCN) is a centrepiece in the Federal Government of Nigeria’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,” Engr. Aliyu added.

He maintained that the government under the leadership of President Muhammadu Buhari focuses on upgrading, stabilizing, and modernizing Nigeria’s power industry through various interventions, including the Nigeria-Siemens partnership under the Presidential Power Initiative (PPI).

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