FG shops for extra N16 bn for PHCN workers severance

LEO ALIGWO (Asst. Bus. Editor)

The federal Government is shopping for additional N16 billion to enable it effectively settle the severance benefit of the embattled workers of Power Holding Company of Nigeria (PHCN), the Minister of Power, Prof. Chinedu Nebo has revealed.
Nebo said the government has so far committed a whooping N384 billion to the payment of PHCN staffers’ terminal benefits, reassuring that all categories of workers would get entitlement as earlier programmed under the ongoing reform in the power sector.


Consequently, the biometric data of the PHCN workforce had already been captured by the presidential Task Force on Privatization of the Power Sector in a bid to avoid payment severance package to ghost workers.
The Minister who made the revelation, weekend, while fielding questions on the African Independent Television (AIT), Abuja, on the activities of his ministry in the past one year running emphasized that government is seriously committed to repositioning of the Power Sector for optimal performance in line with the President Goodluck Jonathan Transformation Agenda of the Power sector.
He strongly assured that power supply would stabilize in Nigeria by the year 2015, contending that efforts had been intensified to further improve on the 4000 megawatts presently being generated by PHCN.



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