The Transmission Company of Nigeria (TCN) yesterday disclosed that it is currently owed N457 billion in electricity tariff shortfall and legacy debts by the federal government.
Speaking in Nasarawa state at a three-day media workshop for members of the Power Correspondents Association of Nigeria (PCAN) led by Obas Esiedesa, the executive director, Transmission Service Provider (TSP) of the company, Oluwagbenga Ajiboye, said that the amount comprises N217 billion in legacy debt.
He added that the TCN has already opened up discussions with the Ministry of Finance Incorporated (MOFI) for the debts to be repaid to free funds for transmission projects expansion.
