๐๐ซ๐ข๐ฏ๐š๐ญ๐ข๐ฌ๐š๐ญ๐ข๐จ๐ง: ๐…๐† ๐’๐š๐ฒ๐ฌ ๐๐จ๐ญ ๐’๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐“๐‚๐

Written by on September 26, 2022

The Nigerian Government has stated once again that the Transmission Company of Nigeria (TCN) is not for sale.

This was disclosed by the Bureau of Public Enterprises (BPE) in a statement on Sunday evening,

Reacting to news the FG was putting TCN up for sale, they stated that it is completely false in all its ramifications.

โ€œThe story is a mere fabrication by mischief makers aimed at creating room for another needless strike by electricity workers.

โ€œThe actions of the Federal Government in the power sector are guided by well-articulated policy documents and extant legislationsโ€™โ€™.

They added that FG approved the Nigerian Electric Power Policy document in 2001 which led to the enactment of the Nigerian

โ€œNone of these documents envisaged the privatisation of the TCN. This was why a Management Contract was put in place to reorganise and optimise TCNโ€™s operations during the 2013 privatisation exercise,โ€™โ€™ they said.

Electricity Power Sector Reform Act (EPSRA) 2005, and roadmap for the reform of the power sector in 2010.

BPE added that Government had not changed its policy nor amended the EPSRA as it relates to the TCN.


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