THE Federal Government has explained the reason for delay in the payment of severance benefits of disengaged staff of the Power Holding Company of Nigeria (PHCN) ahead its handover to successor companies, saying it was because of the need to ensure avoidable mistakes are not made.
This, according to the Permanent Secretary of the Ministry of Power, Mr Godknows Igali, who spoke in a chat with state house correspondents after a meeting with Vice President Namadi Sambo in state house, Abuja, on Thursday.
He said, however, that despite the delay in the payment, progress had been made as all labour-related issues were poised to be resolved before the formal handing over of the company to the new owners.
The National Council on Privatisation resolved, last week, that all the outstanding entitlements of all former staff should be cleared between September 23 and 27.
Confident that the handover will be performed, Igali said: “There is progress in the handing over of the 10 distribution companies and four generating companies.
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