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Tuesday, November 26, 2013

Privatisation: 90% PHCN staff have been paid –Minister

 
The Minister of Power, Prof. Chinedu Nebo, has said the federal government has achieved 90 per cent success in the payment of former PHCN workers’ severance packages and pension as a total of 40,093 workers have already been settled.
Prof. Nebo disclosed this yesterday when the Donor Coordinating Group, led by the United Nations Industrial Development Organisation (UNIDO) Representative, Dr. Patrick Kormawa, paid him a courtesy call in his office in Abuja.
He noted that an additional 5,000 workers needed to be revalidated and commended the contributions of donor agencies in the ongoing privatization of the sector. “The exercise would have experienced more hiccups, but for the expertise, foresight and doggedness of these partners,” he said.
He described as critical the advice and support provided to all the arms of the power sector - regulatory, policy, executive, and technical - to ensure a seamless privatization exercise.
While calling for more collaboration from the international partners, he said their assistance in ensuring access to cheap fund for expansion of their capacities is urgently required.
Earlier, the UNIDO Representative, Dr. Patrick Kormawa, said the group which has the Minster of Power as its chairman, is focused on providing support for the sector.
Restating the activities of UNIDO, Kormawa stated that it is a platform for government and the donor groups to share knowledge, expertise and information on happenings in the power sector.
 

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