The Federal Government, through the Ministry of Power, said
there is no plan to privatize the Transmission Company of Nigeria (TCN),
thereby urging the public to dismiss statements regarding a non-existing plan
to sell the company.
Minister of Power, Engineer Abubakar Aliyu, disclosed this
in a statement issued on Wednesday via 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 untrue and are only mere
misinformation aimed at spreading panic in the power sector, which is making
progress towards ensuring that Nigerians enjoy an uninterrupted power supply.
He further explained that the Federal Government has no
intent to sell or privatize the company and that no government official has
made a statement of intent 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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