Federal Government of Nigeria paid 70% of PHCN workers

Federal Government on Wednesday said it had paid the severance benefits of over 70 per cent of the workers of the Power Holding Company of Nigeria as it worked towards concluding the privatization of the power sector.

It stated that it would conclude the payment before the end of next week.

The government also announced the commencement of the official registration of all market participants in the power sector that had been licensed by the Nigerian Electricity Regulatory Commission.

It also said that the Transmission Company of Nigeria had been given the right to operate independently but under the supervision of the Ministry of Power.

The Minister of Power, Prof. Chinedu Nebo, said this at a seminar organised by the TCN for the electricity market participants.

Nebo was represented by the Permanent Secretary, Ministry of Power, Godknows Igali, who doubles as the chairman of the implementation committee for labour related issues in the power sector.