14 August 2014, Lagos — The Senior Staff Association of Electricity and Allied Companies (SSAEAC), has advised the federal government not to privatise the Transmission Company of Nigeria (TCN) as being canvassed in some quarters in the country.
It said the government should rather look into many reasons militating against TCN, which include poor payment for services rendered to distribution companies and poor budgetary provisions for expansion projects.
The union’s president-general, Comrade (Engr) Chris Okonkwo (FNSE) and the secretary-general, Comrade (Barr) Umar Dubagari, gave the warning in a press statement yesterday.
It expressed displeasure that the privatisation of some assets of the defunct Power Holding Company of Nigeria (PHCN) had hitherto not yielded any value to Nigerians.
*Mohammed Shosanya – Daily Trust