No plan to sell power transmission company – FG - Punch Newspapers

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The most widely read newspaper in Nigeria

The Federal Government, on Wednesday, said there was 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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That means they were planning to sell it codedly but were caught! Give it 2 months and the sale will be officially announced.

Shuuu, if dem like sell the full country sef, E nor concern me after all we nor dey benefit anything as a citizen before.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines