The Transmission Company of Nigeria (TCN) said that the company would be better under the management of local team which took over from Canadian Manitoba Hydro whose management contract terminated on July 31, 2016, assuring that all contracts entered will be executed in line with contractual obligation agreed by all parties entered into under Manitoba remain valid.
The Managing Director and Chief Executive of the Transmission Company of Nigeria, Engr. Abubakar Atiku disclosed this in a press briefing in Abuja.
According to him, “Let me also reassure Nigerians and indeed international community, our stakeholders and international funding agencies that all commitments with Transmission Company of Nigeria under the management contractors remain valid and all contracts entered will be executed in line with contractual obligation agreed by all parties.
He assured that, “On this note, l wish to allay the fears expressed in some quarters that with termination of the management, our concessionary loans and grants by multinational – funding agencies such as World Bank will be withdrawn. Let me make it categorically clear that,PHCN and indeed TCN had been relating with these funding Agencies prior to the coming of the Management Contractor and will continue to relate in stronger terms with the Nigerian management in place.”