By Alison Godswill

The Bureau of Public Enterprises, BPE, has commenced the unbundling the Transmission Company of Nigeria, TCN, into different outfits.

Speaking at a webinar tagged, “Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria,” chaired by Ahmed Zainab, minister of finance, budget and national planning, and monitored by The Daily,www.thedaily-ng.com, Alex Okoh, the director-general of the Bureau of Public Enterprises, BPE, said: “Currently, we are looking at various strategies at reforming TCN. That’s the only segment of the power value chain yet to be reform by BPE. We have privatised or reform generation and the PHCN legacy on generation companies and downstream privatisation.

“These are the models we are looking at, in strong collaboration with the minister of power. The next stage is the unbundling of the system itself…on whether to unbundle along regional lines or business disco franchise area. Very soon, we will approach the council on privatisation on what best works.”

Also speaking, Minister of Finance, Budget, and National Planning, Zainab Ahmed said: “The webinar is to hear directly from you (stakeholders) on what areas government can invest in and deliver value for money. President Buhari is committed to developing the country’s infrastructure and urging local and foreign investors to invest in Bureau of Public Procurement projects in Nigeria.”

Recently, Chairman, UBA Plc, Mr. Tony Elumelu, had said: “In the area of the transmission line, I think that, ultimately, it should be privatized. What some of us have advocated is that the GenCos and the DisCos, the entire power stakeholders, should come together and make a deal with the Federal Government to take over the transmission lines, and it will be in our self-interest to make sure it works.”