Buhari Govt Plans To Sell Electricity Transmission Company

Ilesanmi AdekanbiSeptember 25, 2022

1 minute read

The President Muhammadu Buhari-led Federal Government is currently gearing up to put the Transmission Company of Nigeria, up for sale.

The fresh move comes on the heels of stalled negotiations between the Federal Government and the National Union of Electricity Employees as the latter threatens to shut down the economy.

According to the Punch, the talks to resolve pending disputes between the workers and the Federal Government had hit the rocks, and were “currently not yielding the desired results.”

“The Federal Government is quietly negotiating with buyers to sell the TCN. The process will be announced soon,” the Punch had reported.

The workers have, for the second time, threatened to shut down the national grid over unmet demands by the Federal Government.

According to the Zonal Organising Secretary, North-West, NUEE, Comrade Dukat Ayuba, while briefing newsmen in Kaduna on Thursday, explained that although negotiation was still ongoing, the group would embark on a fresh strike.

He described the privatisation process as a scam.

He added, “That was why we kicked against privatising the distribution sector, because the investors don’t have the capacity and expertise. As committed Nigerians, we advised the government against it. But the government was hellbent on doing so.”

According to him, investors were still operating with obsolete equipment dating back to 35, 40, and 50 years, stating that one would expect that with their coming, they would replace the obsolete equipment but nothing had been done.

He regretted that the nation still generated 5,000 megawatts of electricity, saying that it was the same old 5,000 megawatts, with no benefit from privatisation.

General Secretary, NUEE, Joe Ajaero, confirmed to Punch Newspaper, findings about stalled negotiations. He told the newspaper that no agreement had been reached.

“No agreement yet. They are playing pranks. To compute the money they owe, they said their database is corrupted. Even the meeting of today has been put off,” he said.