The Federal Government through the Minister of Power, Abubakar Aliyu has debunked rumors of FG privatizing the Transmission Company of Nigeria (TCN), This speculation was made due to the reoccurrence of grid collapse. In a statement issued on 12th October 2022, by the minister's aide on Media, Malam Isa Sanusi urged the public to dismiss the information on plans to sell the company. “This is a response to media reports and statements claiming that there is a plan to privatize TCN. “Some of the reports even falsely claimed that the said privatization is going to take place in coming months,” the ministry said. “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 ministry added, “The Federal Government has no intent to sell or privatize the Transmission Company of Nigeria, and no one in government has made a statement of an intent to sell TCN.
“The TCN is a centerpiece 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.”
It stated that as part of the repositioning of TCN, job opportunities were being created, contrary to claims that there was a plan for mass disengagement of staff at the company.
“The organization has also been carrying out sustained capacity-building by training and retraining of staff across all cadres for efficiency and service delivery,” the ministry stated.
