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Issues In The News

20,304 PHCN workers paid severance benefits – NCP

19 August 2013, Abuja – The National Council on Privatisation has said that 20,304 out persons of the 40,000 staff of Power Holding Company of Nigeria, PHCN, 
have so far been cleared and paid their severance benefits.

In a statement, issued by Mr Chigbo Anichebe, Head, Public Communications, Bureau of Public Enterprises, BPE, the council said N119. 2 billion was used to pay the workers up to Friday, August 16.

It stated that the privatisation process of the power sector was on course with the payment of severance benefit to former workers, adding: “In line with the agreement reached with Power Holding Company of Nigeria (PHCN) and labour unions dated Dec. 12, 2012, the Federal Government commenced payment of benefits due to the staff on August 1″.
“As at Friday, August 16, a total of 20,304 of the 40,000 staff of PHCN have so far been cleared and paid their severance benefits. The payment is being handled by the Office of the Accountant-General of the Federation (OAGF),” the statement stated.

– NAN

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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