Abuja - Workers of the Power Holding Company of Nigeria (PHCN) are to start receiving their severance packages from this week.
The Director General of the Bureau for Public Enterprises (BPE), Benjamin Dikki, made the announcement on Wednesday in Abuja at the opening of bids for privatisation of the Afam Generation Company Plc and the Kaduna Distribution Plc.
Dikki said that payment of the severance package was in preparation for the conclusion of the privatisation of the power sector.
"We have resolved all labour issues with the staff of the PHCN. What remains now is the payment for their severance benefits.
"And I know the payment would start before the end of this week or early next week.
"We have submitted all documents to the Office of the Accountant General of the Federation for payment,'’ he said.
NAN recalls that on July 23, the Minister of Power, Prof. Chinedu Nebo, at a power sector development forum, organised by the ministry in conjunction with a German firm, Siemens, said that directive had been given for the payment of the PHCN workers.
Nebo said that a proper audit of the payment processes, which delayed the final disbursement of funds to the workers, had been concluded.