Nigeria's power asset to be sold by government to private investors

The Bureau of Public Enterprises (BPE) plans to privatise the Transmission Company of Nigeria (TCN), in a bid to reform it. The TCN remains the only segment of the power sector yet to be reformed since 2013.

The power sector had undergone privatisation in 2013, with various part of the industry, such as the distribution (DisCos) and generation (GenCos) sub-sectors taken up by private investors.

Despite Usman Mohammed, former MD of TCN, admitting that the government made mistake during the privatisation period, the director-general of BPE, Alex Okoh, said the Muhammadu Buhari-led administration will be unbundling TCN to investors.

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Okoh made this known during a webinar tagged, “Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria." He said various strategies are being weighed.