FG to pay PHCH’s Junior staff N8m severance package


The least qualified staff of the Power Holding Company of Nigeria with School Certificate will be paid a minimum of N8million while the highest officer in the organization will receive at least N38million total package in the payment arrangement being organized by the federal government as part of the repositioning of the company.

Minister of Power, Professor Barth Nnaji who stated this Monday while addressing state House correspondents after briefing Goodluck Jonathan on the Key performance Indicator KPI described unions in the PHCN as outlaws who are inconsiderate of the various positive steps being taken by Federal Government to address their plight following the privatization of the organization.

According to the minister the Federal Government has accepted to pay the aggrieved workers a total of 15 percent as severance package for each employee over a period covering 2003 to 2012.

Part of the payment the minister said, will comprise of 7.5 percent employer contribution as specified under the new pension law and another 7.5 percent expected to have been contributed by the workers themselves.

He said available records indicated that PHCN has failed to remit its quota of 7.5 percent to the workers pension accounts, adding that Government has however accepted to pay such defaults amounting to 15 percent for each beneficiary against insinuation that the PHCN workers will receive a flat benefit of N85,000.

“The talk about some staff going home with N85,000 is from people who have a different mission,” he said.

“The PHCN unions are contituting themselves as outlaws,” the minister said.

Speaking on the performance of the power sector, Professor Nanji said the National Assembly NASS approved a total of N78.4b to cover other constituency projects adding that of this amount, N21.5billion had been released with N 11.4billion representing 52.5 percent utilized.

He said the 2012 budget focused on resucitating the Rural Electricity Agency to make electricity more accessible to Nigerians particularly at the rural areas.

“National Integrated Power Projects NIPP projects have been accelerated and will be completed this year. There are 10 NIPP plants across the country. Government is working hard to supply gas to the plantsn” he said.

He said the 2013 budget will concentrate on giving full implementation of the electricity reforms and completion of on going projects as well as establishment of gas and power infrstructure bond with increased funding of generating companies.

He said power will continue to improve in the country considering the efforts being made by government.

http://www.vanguardngr.com/2012/08/fg-to-pay-phchs-junior-staff-n8m-severance-package/

this one na hammer is fg pay am

What is really those Phcn union problem ...they are trying all they can to continue to put us in darkeness! Make e no be say buhari/elrufia and co are secretly pay them to twart d power reform program...And they are going to get 8- 35m for their yrs of lackluster performance! 8m for giving us darkness! GEJ God pass them!

Make them just try pay them d money, make they carry their wahala go and let's see If they go try all dis their rubbish with the incoming new private employers!

Liar!How can d least paid worker get N8m. Assume @best d least paid was on N40k/mth= 400k/yr.In 10yrs(2003-2012)=N5m; 15% of N5m=650k;so where is d N8m coming frm;criminals & op's dat don't use dere God given brain to question what govt officials say& blv every word,hook,line& sinker!

This is a good one coming from the government. its ok for the workers

doctokwus: Liar!How can d least paid worker get N8m. Assume @best d least paid was on N40k/mth= 400k/yr.In 10yrs(2003-2012)=N5m; 15% of N5m=650k;so where is d N8m coming frm;criminals & op's dat don't use dere God given brain to question what govt officials say& blv every word,hook,line& sinker!

But u will believe wat ever elrufia and ACN talks! Goat!

The government is just telling them what they want to hear so they can relax and shift grounds for compromise.The same FG that cant pay #18 000 minimum wage; that couldnt pay corpers #20k now wants to pay #38m to Phcn workers.

Nawaoh!!!These people don OVER hammer.

na wa o! even nnpc, cbn, firs severance package no reach like this. Especially, for a dead company already.

Naija and funny things sha.................

This would only happen in Dream/wayo land, probably you meant shirlings or kobos might be understandable.

asha 80: this one na hammer is fg pay am

Make dem pay 1st

Nigeria is highly indebted to the tune of 6 trillion naira.

Prices of goods and services are skyrocketing.

Naija i hail oooooooooooooooooo

wellheads: na wa o! even nnpc, cbn, firs severance package no reach like this. Especially, for a dead company already.

Naija and funny things sha.................

Na today ? Anybody that believe this should go and ask ASUU what the FG promised them since 2001 and if it has granted those promises till date.How can a school cert holder get a #8m severance package ?

i don hammer be dat

Those figures can't possibly be correct.

This is cool cash menh!

Too much money! This one na joke abi na real?

Player01: Those figures can't possibly be correct.

Maybe the workers should be more concerned about what actually get to their pockets in the end. . . .This is too stressful to believe.

A welcome development

Armed-robbers will be getting ready to attack any PHCN boss for house.....*gun in my hand* "oga don't be stingy, give us our share or i shot u"

And what are we going to do about it here?, NOTHING!

I wan watch Merlin Season 5 jare

billante: FG to pay PHCH’s Junior staff N8m severance package


The least qualified staff of the Power Holding Company of Nigeria with School Certificate will be paid a minimum of N8million while the highest officer in the organization will receive at least N38million total package in the payment arrangement being organized by the federal government as part of the repositioning of the company.

Minister of Power, Professor Barth Nnaji who stated this Monday while addressing state House correspondents after briefing Goodluck Jonathan on the Key performance Indicator KPI described unions in the PHCN as outlaws who are inconsiderate of the various positive steps being taken by Federal Government to address their plight following the privatization of the organization.

According to the minister the Federal Government has accepted to pay the aggrieved workers a total of 15 percent as severance package for each employee over a period covering 2003 to 2012.

Part of the payment the minister said, will comprise of 7.5 percent employer contribution as specified under the new pension law and another 7.5 percent expected to have been contributed by the workers themselves.

He said available records indicated that PHCN has failed to remit its quota of 7.5 percent to the workers pension accounts, adding that Government has however accepted to pay such defaults amounting to 15 percent for each beneficiary against insinuation that the PHCN workers will receive a flat benefit of N85,000.

“The talk about some staff going home with N85,000 is from people who have a different mission,” he said.

“The PHCN unions are contituting themselves as outlaws,” the minister said.

Speaking on the performance of the power sector, Professor Nanji said the National Assembly NASS approved a total of N78.4b to cover other constituency projects adding that of this amount, N21.5billion had been released with N 11.4billion representing 52.5 percent utilized.

He said the 2012 budget focused on resucitating the Rural Electricity Agency to make electricity more accessible to Nigerians particularly at the rural areas.

“National Integrated Power Projects NIPP projects have been accelerated and will be completed this year. There are 10 NIPP plants across the country. Government is working hard to supply gas to the plantsn” he said.

He said the 2013 budget will concentrate on giving full implementation of the electricity reforms and completion of on going projects as well as establishment of gas and power infrstructure bond with increased funding of generating companies.

He said power will continue to improve in the country considering the efforts being made by government.

http://www.vanguardngr.com/2012/08/fg-to-pay-phchs-junior-staff-n8m-severance-package/

this is a total rubbish joor,nitel workers were dumped some years ago and they didnot receive dime from government...must FG empty our pulse in order to pay them off... I smell fraud in this story

When them one pay the money! So, that my dad can give me a share of N1m

billante:

But u will believe wat ever elrufia and ACN talks! Goat!

It was there in black/white:15% severance package,over 10yrs,u shd av used ur common sense to know dat d N8m is a lie meant for pple dat don't av brains,its not about blivin ACN or not

doctokwus: Liar!How can d least paid worker get N8m. Assume @best d least paid was on N40k/mth= 400k/yr.In 10yrs(2003-2012)=N5m; 15% of N5m=650k;so where is d N8m coming frm;criminals & op's dat don't use dere God given brain to question what govt officials say& blv every word,hook,line& sinker!

billante:

But u will believe wat ever elrufia and ACN talks! Goat!

It was there in black/white:15% severance package,over 10yrs,u shd av used ur common sense to know dat d N8m is a lie meant for pple dat don't av brains,its not about blivin ACN or not

I think the FG is doing all they can to make the lights stable. thats a welcome development.

Nawao anyway fg try sha

this is just a lie.they only offer dem 25% of d money.

If truly the government will compensate the workers this well then its a fair deal. Let's hope the government delivers. If president gudluck can rilly tackle the problem of power then all is well.

The severance package isn't bad at all.. An investment of eight million and above if well manage can make any responsible chap live above the average line. Some of these persons still stand a good chance of being reabsorbed by the new firms

The Govt is still owing me for my services during the 2nd world war

Aderupoko2: Nawaoh!!!These people don OVER hammer.

i tire oooo my guy.....na 2 reason NEPA work now na

collins123: And what are we going to do about it here?, NOTHING!

I wan watch Merlin Season 5 jare

this morning? I blame PHCN for giving u light.