Nigeria: Finally, FG Ready to Hand Over TCN to Manitoba

20 February 2013

After years of pussyfooting, the Federal Government is finally ready to hand over the management of the Transmission Company of Nigeria (TCN) to a Canadian power firm, Manitoba Hydro Power (MHI), next week.

The handing over of TCN, a critical component of the power reform and privatisation programme, is coming seven months into the $23.7 million three-year management contract it signed with the foreign firm last July.

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