Recent reports show that the final handing over of the privatised power generation and distribution companies, GENCOs and DISCOs, of the Power Holding Company of Nigeria, PHCN, billed for this month (May 2013) may not materialise after all. The delay in handing over the 15 successor power GENCOs and DISCOs to new power sector investors was blamed largely on unresolved labour-related matters dogging the privatisation process. Indeed, the terminal and severance benefits of PHCN workers have reportedly become a cog in the wheel of progress of power sector reforms. It does also appear, however, that the inconsistencies in government’s pronouncements on the matter spring fundamentally from the lack of political will by the President Goodluck Jonathan-led Federal Government to take an iron cast decision on the initiative and resolutely enforce same.
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