Take Over- Privatisation! FG gives full severance Package to 38,000 PHCN worker

In ABUJA, Capital of Nigeria – Federal government begins full payment of entitlements to 38,000 workers of Power Holding Company of Nigeria, PHCN, has commenced.

Director General,  Bureau of Public Enterprise, BPE, Mr. Benjamin Ezra Dikki disclosed this during the visit of House of Representatives Committee on Privatisation and Commercialisation to the agency.

Mr Benjamin Ezra Dikki, the director General , Bureu of Public Enterprise, BPE, disclosed this and explained further that 6,700 staff that had issues during verification were being sorted out, while 2,500 casual staff were expected to be regularised by the PHCN management before payment of their entitlements.

On the power transaction, the BPE boss informed the lawmakers that the Bureau had received full payment
for 14 power generation and distribution companies from the core investors.

Mr. Dikki further informed the lawmakers that the Bureau was in the process of constituting a Privatisation Tribunal to handle privatisation cases expeditiously.

In her remarks, the Chairman of the House of Representatives Committee on Privatisation and Commercialisation, Hon. Khadijat Bukar Abba-Ibrahim commended the giant strides made by the Bureau of Public Enterprises, BPE, in the power sector reform and privatisation which has seen the successful handover of 14 generation and distribution companies to core investors.

The Chairman said deliberations with the BPE management during the visit were exciting and had helped bridged the communication gap between the Bureau and the Committee, stressing that the committee members were now better informed on the activities of BPE