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FG Not Planning To Sell Transmission Company Of Nigeria – BPE

The Bureau of Public Enterprises (BPE), late Sunday restated its earlier position that the Federal Government had no plans to sell the Transmission Company of Nigeria (TCN).

The privatization agency made this clarification in a statement which came some few weeks after it hinted of plans to revive ailing government owned enterprises.

Reacting to news in a news medium insinuating that government is putting TCN up for sale, the Bureau debunked the news, stating that it is completely false in all its ramifications.

It stated: “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’’.

The agency responsible for the privatization of public entities in the country further stated that the Federal Government approved the Nigerian Electric Power Policy document in 2001 which led to the enactment of the Nigerian Electricity Power Sector Reform Act (EPSRA) 2005, and roadmap for the reform of the power sector in 2010.

It reaffirmed that government had neither changed its policy nor amended the EPSRA as it related to the TCN.

 The Bureau reiterated: “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”.

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