The Minister of Power, Abubakar Aliyu, says there is no plan to privatise the Transmission Company of Nigeria (TCN).
This was contained in a statement issued on Wednesday by the Special Assistant on Media to the minister, Isa Sanusi.
Aliyu said the Federal Government has no plan to sell or privatise TCN, noting that no one in the government has made a statement of intent to sell the company.
He stated that TCN was a centre-piece in the Federal Government’s efforts to rejuvenate the power sector, adding that the ministry of power was working with key stakeholders to evaluate and upgrade the company to make it more efficient and transparent.
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“As part of the repositioning of TCN, job opportunities are being created, as with the recently concluded ramp up of employment, contrary to claims that there is a plan for mass disengagement of staff at the company.
“The organisation has also been carrying out sustained capacity building by training and retraining of staff across all cadre for efficiency and service delivery.
“Transmission is a vital segment of the electricity value chain that constantly needs significant investment,” he said.
The minister noted that the Federal Government was investing and supporting efforts to make TCN a world-class transmission service provider.
Aliyu said the Federal Government was focused on upgrading, stabilising, and modernising Nigeria’s power industry.
He said the innovations were being done through various interventions, including the Nigeria-Siemens partnership under the Presidential Power Initiative (PPI).
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