The least qualified staff of the Power Holding Company of Nigeria
with School Certificate will be paid a minimum of N8million while the
highest officer in the organization will receive at least N38million
total package in the payment arrangement being organized by the federal
government as part of the repositioning of the company.
Minister
of Power, Professor Barth Nnaji who stated this Monday while addressing
state House correspondents after briefing Goodluck Jonathan on the Key
performance Indicator KPI described unions in the PHCN as outlaws who
are inconsiderate of the various positive steps being taken by Federal
Government to address their plight following the privatization of the
organization.
According to the minister the Federal Government
has accepted to pay the aggrieved workers a total of 15 percent as
severance package for each employee over a period covering 2003 to 2012.
Part
of the payment the minister said, will comprise of 7.5 percent employer
contribution as specified under the new pension law and another 7.5
percent expected to have been contributed by the workers themselves.
He
said available records indicated that PHCN has failed to remit its
quota of 7.5 percent to the workers pension accounts, adding that
Government has however accepted to pay such defaults amounting to 15
percent for each beneficiary against insinuation that the PHCN workers
will receive a flat benefit of N85,000.
“The talk about some staff going home with N85,000 is from people who have a different mission,” he said.
“The PHCN unions are contituting themselves as outlaws,” the minister said.
Speaking
on the performance of the power sector, Professor Nanji said the
National Assembly NASS approved a total of N78.4b to cover other
constituency projects adding that of this amount, N21.5billion had been
released with N 11.4billion representing 52.5 percent utilized.
He
said the 2012 budget focused on resucitating the Rural Electricity
Agency to make electricity more accessible to Nigerians particularly at
the rural areas.
“National Integrated Power Projects NIPP
projects have been accelerated and will be completed this year. There
are 10 NIPP plants across the country. Government is working hard to
supply gas to the plantsn” he said.
He said the 2013 budget will
concentrate on giving full implementation of the electricity reforms
and completion of on going projects as well as establishment of gas and
power infrstructure bond with increased funding of generating companies.
He said power will continue to improve in the country considering the efforts being made by government.
http://www.vanguardngr.com/2012/08/fg-to-pay-phchs-junior-staff-n8m-severance-package
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