The Federal Government has stated that it has no plans to sell the Transmission Company of Nigeria and has urged the general public to disregard claims that there is a plan to privatize the state-owned power company.
Minister of Power, Abubakar Aliyu claims that some of the reports made false claims about the alleged privatization’s impending completion.
“These reports are baseless and are merely empty propaganda intended to sow fear in the power industry, which is making strides toward guaranteeing that Nigerians have access to uninterrupted power supply,” the minister declared.
He emphasized that no declaration of intent to sell TCN has been made by the Nigerian government.
The Nigerian government’s initiatives to revive the power sector are centered on The Transmission Company of Nigeria (TCN).
To make TCN more effective and transparent, the Ministry of Power is always working with important stakeholders to monitor, appraise, and enhance the system.
Contrary to claims that a strategy for mass employee disengagement at TCN was in place, job opportunities are being created as part of the company’s repositioning, such as the recently finished ramp up of employment.
The Organization has also been retraining and retraining employees across all cadres to improve productivity and service delivery.
“Transmission is an essential link in the value chain of electricity that requires ongoing, substantial investment.
The Nigerian government retains the transmission portion of the power value chain as is standard practice around the world, even though other components have been privatized, according to the power minister.
The government is funding and encouraging initiatives to elevate TCN to the status of a premier provider of transmission services.
