BPE discloses plans to privatise Transmission Company of Nigeria

The Bureau of Public Enterprises disclosed plans to unbundle the Transmission Company of Nigeria.

This was disclosed in a Bloomberg interview with BPE Boss, Alex Okoh, who said the plans would be shared with the National Council on Privatisation soon.

What the report said

“The Bureau of Public Enterprises is looking at various strategies to reform the Transmission Company of Nigeria, Director-General Alex Okoh said in an interview. The agency will share its proposal “very shortly” with the National Council on Privatisation that the state-owned corporation be unbundled and then privatized.”

If successful, this would be the biggest privatisation in the sector since the 2013 power reforms.