By Benjamin Umuteme
The Bureau of Public Enterprises (BPE) says N119.731has been paid to 20,304 staff of the Power Holding Company Nigeria (PHCN).
According to the Head, Public Communications, BPE, Mr. Chigbo Anichebe, in a signed statement, the figure represents those that have been cleared.
This is in line with the agreement reached between the Nigerian Government and the Power Holding Company of Nigeria (PHCN) labour unions since December 12, 2012.
The Government had commenced payment of benefits due to the staff on 1st August 2013 and it is being handled by handled by the Office of the Accountant General of the Federation (OAGF).
It will be recalled that all the preferred bidders for the 15 Power Holding Company of Nigeria (PHCN) successor companies have earlier met the deadline for the payment of the mandatory 25 percent of the offer value of their bids as at the deadline date of March 21, 2013.
The Bureau had received $559,445,573.96 from 14 bidders for 15 successor companies.
The deadline for payment of the remaining 75% remains Wednesday, 21 August 2013 as stipulated in the Request for Proposal (RFP) which is in compliance with the tenets of transparency and accountability.
“The Bureau will continue to strictly abide by the terms and conditions in the RFP,” the statement said.
The National Council on Privatization (NCP) and its implementation arm, the Bureau of Public Enterprises (BPE) would like to reassure Nigerians that the power sector reform process is on course.
You would be recalled that President Goodluck Jonathan revived the reform and privatization of the power sector with the launching of the Power Sector Reform Roadmap in August 2010 as a major plank of the Transformation Agenda of his administration
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