By James Emejo
The Minister of Power, Prof. Chinedu Nebo,Tuesday said the federal government would not lay off workers of the Power Holding Company of Nigeria (PHCN) but severe them from public service employment to enable them migrate to the private sector.
He also said all outstanding benefits to the workers will be paid to them by the end of July.
The Minister of Power, Prof. Chinedu Nebo,Tuesday said the federal government would not lay off workers of the Power Holding Company of Nigeria (PHCN) but severe them from public service employment to enable them migrate to the private sector.
He also said all outstanding benefits to the workers will be paid to them by the end of July.
Speaking in Abuja at the second annual national workshop of the Chartered Institute of Brokers (CIS) themed: “Transformation Agenda: The Real Issues in the Power, Housing and Energy Sector of the Economy,” Nebo said the current PHCN workers would be retrained and would be part of the new energy market or be engaged in other critical sectors of the economy.
He added that all bottlenecks to the current privatisation exercise were being resolved.
He said: “We have great correspondence with union leaders and have agreed on all the fundamentals of the labour issues, verification of over 44,000 workers and will soon commence payment of their severance benefits.”
Also, the minister assured investors in the sector of the safety of their investments as well as increased rate of return on investment.
He said a plethora of investments were required to achieve the 40,000 megawatts target as mentioned in the Vision 2020.
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