October 11, 2024 2:48 pmThe ministry of finance incorporated says the success of state-owned enterprises is vital for Nigeria’s economic growth.
The managing director said TCN’s current transmission limitations have hampered businesses from fully investing in the power sector.He, however, expressed optimism that with proper reforms, the transmission company could shift from being a bottleneck to a catalyst for sectoral growth. “TCN can either be a bottleneck for opening up opportunities in that sector or be a catalyst for opening that up.“Imagine that the DisCos as they were deregulated and privatised 10 years ago, had delivered on the promise to provide light, not only for our homes, communities, but also to drive businesses had delivered on that promise. Where do you think we would be today?”
He acknowledged that significant progress has been made at the national oil firm but said more work still needs to be done to achieve its full potential.could be one of Nigeria’s “shining stars” if its capital base was expanded to mobilise additional capital for industrialisation.“Imagine that Nexim Bank that is meant to drive import and exports, had delivered on the promise of facilitating exports and to bring back export proceeds.