All former staffers of the unbundled Power Holding Company of Nigeria (PHCN) will receive their severance package, latest Friday as Alveras and NorthWest, on Wednesday, emerged winners in the bid opening for PHCN successor companies which took place in Abuja.
The Director General of the Bureau of Public Enterprise (BPE), Benjamin Dikki, speaking at the bid opening disclosed that all former staff of PHCN would begin to receive their severance package, by the end of this week.
Disclosing that there was no cause for alarm as all labour issues have been resolved, the BPE boss said.
“Everything has been complied, we have sent the payroll to the Accountant General of the Federation (AGF) and we are optimistic that before the end of this week , or latest next week, they would begin to receive alerts from their banks”.
Dikki described the event as another testimony of the success of the reforms of the power sector that began with the constitution of the Electric Power Sector Implementation Committee.
He said “the reform initiatives resulted in the preparation of a power policy blueprint that defined government’s new direction for the electric power sector that culminated in the production of the National Electric Power Policy in March 2011 and approved by the Federal Executive Council (FEC), in September 2011.
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