The 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 privatisation 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.
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