PHCN office
Chineme Okafor
The total severance benefits payable by the Federal Government may end up expending about N380 billion as total severance benefits to labour unions in the Power Holding Company of Nigeria (PHCN) as against the over N500 billion claim made by the unions.
THISDAY gathered from presidential sources that although the Bureau of Public Enterprises (BPE) is still computing the total amount owed the unions by the government, there are indications that the total the figure might not exceed N380 billion, although the former Minister of Power, Prof. Barth Nnaji had stated that about N443 billion would be used to offset claims by the labour unions.
The sources faulted claims by the National Union of Electricity Employees (NUEE) that government was about to short-change the union, with reports that N170 billion was budgeted to offset their severance benefits and that over N500 billion would be required to offset workers’ gratuity in line with the new agreement signed with Federal Government.
No comments:
Post a Comment