FG Plans To Sell Electricity Transmission Company

Category:  Nigeria News

 

The 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.

A source close to the matter, on Thursday, told The Punch, on condition of anonymity, that talks to resolve pending disputes between the workers and the Federal Government had hit the rocks, and was “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 source had said.

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