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

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

It stated that the privatisation process of the power sector was on course with the payment of severance benefit to former workers.

It stated that “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 Aug. 1.

“As at Friday, Aug. 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),” it stated.

The workers are being layed off as part of the privatisation process of the PHCN subsidiaries.

(NAN)

Sincere 9gerian: Great news. The TRANSPARENCY in the privatisation process so far is UNPRECEDENTED. God bless my fatherland

Raymondenyi: I have not n never been a fan of GEJ govt buh I must say in all submission n steadfastness, without any aota or scintilla of overflairing emotions or Bais, that this is one of the bravest n Big win not 4gettin commendable gesture in his fight for bettering our power(electrical) sector..... All hail him in this... Well done sire ; my own recognized and beloved president U have done well sire. My humble accolades 2U sire on this


I will also implore fellow NLnders 2 fellow my footsteps n give credit 2 whom its due, perhaps dia be some criticism, it is welcome, 4 without it (criticism) developments n check cum balances will be far fetched; buh of course, it must be very well conformed n constructive.... Thank U.


Comrade Ray.

k2039:

Wtf is this one saying.

Last time I checked, I have not had 20 hours of electricty in my area over the last 7 days, worst still ASUU is on strike.

otokx: Hoping for the best, let us see how things go between now and December.

ochejoseph: If GEJ gives Nigerians 24 hours power supply Tinubu ,Buhari etal will regret registering APC

AWONEYAN: I dont believe this news, because I am yet to receive any bank alert of any payment on severance package.

ITbomb:
Yes because your tribesman Obasanjo decieved Nigerians by signing an Agreement with ASUU which he had no intention or capability to implement.
Also your leaders for the past 20 years did not have the willpower to invest in power infrastruture UNTIL GEJ CAME.