Business Power: Buhari Moves to Privatize Transmission Company of Nigeria, TCN

L

LequteMan

Guest
The Muhammadu Buhari administration has concluded plans to privatize the Transmission Company of Nigeria, TCN.

‘Our action is being driven by non-availability of funds to drive development in the power sector," Power Minister, Babatunde Fashola, said on Wednesday at West Africa Power Industry Convention (WAPIC) in Lagos.

"The government can no longer handle funding of the power sector alone. That is why we are now looking towards involving private sector in transmission because this will help in raising fund for the sector,” he said.

He was represented by the Acting Chairman and CEO, Nigerian Electricity Regulatory Commission (NERC), Mr. Anthony Akah.


The Sun
 

Attachments

  • fashola buhari.jpg
    fashola buhari.jpg
    27.8 KB · Views: 8
Back
Top