20 August 2013
FG Pays N119. 2bn To 20, 304 PHCN Workers As Severance Benefits
Council on privatisation has said that Privatisation has said that 20,304 of 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.