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BPE clears 40,093 PHCN workers for terminal benefits

By on October 22, 2013

A total of 40,093 workers of the Power Holding Company of Nigeria have been cleared to receive their terminal benefits preparatory to the handover of 14 PHCN successor companies to private sector investors.

The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, said this in a statement made available to our correspondent in Abuja on Sunday by the agency’s Head, Public Communications, Mr. Chigbo Anichebe.

Dikki also stated that the privatisation agency had remitted N342.8bn to the Office of the Accountant General of the Federation for the payment of the workers’ entitlements.

The cleared workers, whose names have also been forwarded to the AG’s office, represent 84 per cent of the workers of the company numbering about 47,000.

Dikki said the schedules of payment, which were transferred to the OAGF by the BPE in six batches, cut across workers at the PHCN headquarters, the generation companies, distribution companies and the Transmission Company of Nigeria.

According to him, the OAGF has confirmed the payment of three schedules, totalling 26,899 persons.

He said, “The payment covers the severance benefits and Retirement Savings Accounts components.”

The DG said the OAGF had given an assurance that by next week, another two batches (four and five), totalling 11,716 workers would be paid their entitlements.

On union dues, the BPE boss said that the OAGF had confirmed the remittance of N3bn to the two PHCN unions – the Senior Staff Association of Electricity and Allied Companies and National Union of Electricity Employees, deducted from the PHCN workers’ benefits.

Dikki said the Federal Government had demonstrated a great commitment to resolving labour issues in the power sector.

Apart from committing the entire proceeds realised from the sale of power assets to the payment of the workers’ terminal benefits, the government had, at the initial stage of the transaction, released N57bn to take care of the workers’ pension, he said.

He added that all the benefits came after the government had increased the workers’ salaries by 50 per cent and regularised the employment of some of the casual workers.

 

 

[Punch]

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