By Munachimso Obienyi
The Federal Government, yesterday, revealed that it has no plan to sell the Transmission Company of Nigeria and urged the public to dismiss statements regarding a non-existing plan to privatise the government-owned power firm.
It said this was in response to media reports and statements claiming that there was a plan to privatise TCN.
According to the Federal Ministry of Power, some of the reports falsely claimed that the said privatisation was going to take place in the coming months.
“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 uninterrupted power supply,” the FMP said in a statement issued in Abuja by the media aide to the Minister of Power, Isa Sanusi.
The ministry added, “The Federal Government has no intent to sell or privatise the Transmission Company of Nigeria, and no one in government has made a statement of an intent to sell TCN.
The TCN is a centrepiece in the Federal Government’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.”
