TCN Not For Sale- FG
Federal government has said the Transmission Company of Nigeria (TCN) is not for sale.
NewsBeatng reports that the government said this through the Bureau of Public Enterprises (BPE) in a statement on Sunday evening,
FG stated that it was completely false in all its ramifications.
“The story is a mere fabrication by mischief makers aimed at creating room for another needless strike by electricity workers.
“The actions of the Federal Government in the power sector are guided by well-articulated policy documents and extant legislations’’.
The Bureau added that FG approved the Nigerian Electric Power Policy document in 2001 which led to the enactment of the Nigerian 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.
“None of these documents envisaged the privatisation of the TCN. This was why a Management Contract was put in place to reorganise and optimise TCN’s operations during the 2013 privatisation exercise,’’ they said.
He added that the Federal Government had not changed its policy nor amended the EPSRA as it relates to the TCN.