…sets investigative panel on system collapse
The Federal Government has said it would commence payment of the N384bn severance package to workers of Power Holding Company of Nigeria, PHCN on June 17.
The payment is targeted at removing roadblocks in the privatisation of 15 Electricity Generation Companies, GENCOS and Electricity Distribution Companies, DISCOs, which have been sold to private entities and require labour issues to be resolved before final payments are be made.
The Minister of Power, Prof. Chinedu Nebo, who dropped the hint during his official inspection to Egbin Power Station yesterday said: “Very soon your severance package or entitlement will hit your various accounts by June 17, and I want to promise that nobody is going to find anything less than what has been agreed.
“We hope to start payment of workers benefit by June 17, which is the tentative date we are working on, we need a lot of support from workers in areas of adequate information on the forms given to them.”
Nebo said the technical and implementation committees set up by the Federal Government to ascertain the amount to be paid have been working to ensure that accurate payments are made to workers.
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