Femi Asu, with agency report No fewer than 43,400 workers of the Power Holding Company of Nigeria (PHCN) are eligible for severance benefit, the Ministry of Power has said.
Kande Daniel, the Special Assistant on Media and Communication to the Minister of Power, disclosed this to the News Agency of Nigeria (NAN) in Lagos on Sunday.
``The committee, headed by the Permanent Secretary in the Ministry of Power, Godknows Igali, has cleared over 43,400 workers for the payment of the benefits."
Prior to this, there had been controversies about the payment of the severance package, the amount to be paid and the number of beneficiaries, slowing down the privatisation of PHCN assets and government reform agenda in the power sector.
The payment of the terminal benefits of the PHCN staff is expected to pave the way for the full privatisation of the successor generation and distribution companies of the nation’s power utility company.
The completion of the ongoing privatisation is expected to step up the nation’s power generation which currently hovers between 3,500 megawatts (MW) and 4,000MW. The country needs an investment of $10 billion annually to achieve 40,000MW of power generation by 2020.
Kande Daniel, the Special Assistant on Media and Communication to the Minister of Power, disclosed this to the News Agency of Nigeria (NAN) in Lagos on Sunday.
``The committee, headed by the Permanent Secretary in the Ministry of Power, Godknows Igali, has cleared over 43,400 workers for the payment of the benefits."
Prior to this, there had been controversies about the payment of the severance package, the amount to be paid and the number of beneficiaries, slowing down the privatisation of PHCN assets and government reform agenda in the power sector.
The payment of the terminal benefits of the PHCN staff is expected to pave the way for the full privatisation of the successor generation and distribution companies of the nation’s power utility company.
The completion of the ongoing privatisation is expected to step up the nation’s power generation which currently hovers between 3,500 megawatts (MW) and 4,000MW. The country needs an investment of $10 billion annually to achieve 40,000MW of power generation by 2020.
Chinedu Nebo, power minister has said that government’s target is to generate 10,000MW by 2014 to meet the needs of about 120 million Nigerians who do not have access to electricity.
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