The Ministry Of Power says there is no plan to sell the Transmission Company of Nigeria (TCN).
In a statement, the ministry urged the public to dismiss statements regarding a non-existing plan to privatise the TCN.
Some media reports had claimed that there is a plan to privatize TCN in the coming months.
The statement by the Ministry read partly, “The Federal Government of Nigeria has no intent to sell or privatize the Transmission Company of Nigeria, and no one in the FGN has made a statement of an intent to sell TCN.
“The TCN is a centerpiece 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, assesses and upgrade TCN to make it more efficient and transparent.”
