The Transmission Company of Nigeria (TCN) has confirmed a payment of N1.28 billion for solar streetlight projects, which it states are outside its statutory mandate. This clarification comes after reports surfaced regarding the disbursement made in May and June 2026. TCN emphasized that these projects are part of National Assembly constituency initiatives included in the federal government's approved 2026 Appropriation Act. The company clarified that it neither initiated nor requested these projects, which were inserted into its capital budget by the National Assembly. TCN reassured that the funds used for these projects are federal appropriations and not derived from its Internally Generated Revenue. While TCN's primary role is bulk power transmission, it is authorized to execute federal government projects when assigned. The company stressed that these interventions should not be misinterpreted as a shift from its primary responsibilities.
NigeriaNewsFeed summary based on reporting from DailyPost.
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