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ARTICLE · 03 NOVEMBER 2022

Power Sector Watch | Edition 2022 – Q4

KPMG in Nigeria
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The FGN, recently refuted reports that it was set to privatise TCN. The Special Adviser to the Minister of Power, Mallam Isa Sanusi, stated in a recent publication, that reports claiming that TCN...

NigeriaEnergy and Natural Resources
Ayo Salami
Ayo Salami
Ayo Soyinka
Ayo Soyinka

Federal Government of Nigeria (FGN) refutes report on Transmission Company of Nigeria (TCN) Privatisation

The FGN, recently refuted reports that it was set to privatise TCN. The Special Adviser to the Minister of Power, Mallam Isa Sanusi, stated in a recent publication, that reports claiming that TCN would be privatised in the coming months were misleading and false. He stated that TCN remains the focal point in the Federal Government's plan to optimize the power sector.

There has been concerns over the ability of the FGN to adequately fund the investment required to upgrade the facilities of the TCN. Nigeria has experienced about seven (7) total or partial grid failures in 2022, a lot of which has been attributed to the failings of the transmission infrastructure. This has therefore led to increased calls for the privatisation of TCN to resolve these issues. The TCN claims that it has a total transmission capacity of 7,500MW as at date though that is still short

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