“The story is a fabrication” – FG Reacts On Electricity Transmission…

By Tolulope Oke

The Federal Government of Nigeria (FG) has reinstated its stance on not privatizing the Transmission Company of Nigeria (TCN).

This comes on the heels of the Bureau of Public Enterprises (BPE) plans last month to revitalize struggling government-owned businesses.

Responding to reports that the FG had put TCN up for sale, BPE noted in a disclosure that the information was entirely untrue in all respects.

The disclosure further noted that in 2001, the Federal Government of Nigeria (FG) approved the Nigerian Electric Power Policy paper, which resulted in the 2005 passage of the Nigerian Electricity Power Sector Reform Act (EPSRA) and a strategy for power sector reform in 2010.

• READ ALSO: ‘How N3.7m Was Transferred From My UBA Account Without My Knowledge’ – Woman Narrates
• READ ALSO: Stolen Petrol: How Suspected Smugglers Shoot Customs Officers

BPE added that Government had not changed its policy nor amended the EPSRA as it relates to the TCN.

“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’

“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,’’ the disclosure read.