Transmission company of Nigeria became duly incorporated in 2005 and was granted operating license by the main electricity regulating body, (NERC).
[8][9] In the effort to ensure Nigeria's power sector becomes viable and boost foreign direct investment and local industrialization, the mandate and policy document of TCN was designed to focus on implementation of the use of new technology, faster project execution and improving operational efficiencies.
[10] The mandate which was to drive the level of growth in capacity utilization, replacement of state of the art equipment and prompt maintenance practice for optimum functionality was based on the government's master plan to ensure continuous improvement in its capacity to deliver in its responsibilities to generating companies and distribution companies also.
Sule Abdulaziz is the managing director and chief executive officer appointed since 2022 and leads the company till date.
[14] NETAP is the Nigerian component of the north core transmission project which will connect Nigeria, Niger, Benin and Burkina Faso on 330kV DC line.
TCN took the initiative to design this project for the provision of increased power supply to Lagos and neighboring areas in Ogun state.
In ensuring increased transmission of power in the FCT and its neighboring states, the TCN flagged off this scheme in the city with the inclusion of five other sites.
[35][36][37][38] In 2018, a joint agreement between president Muhammadu Buhari and German Chancellor, Angela Merkel birthed the presidential power initiative.
[41] Among the many challenges the transmission company of Nigeria has continually been confronted are: These have contributed to reoccurring power failure and collapse of the national grid.