B2507212-PHCN-HeadquartersAs new core investors in power companies commence operations, the Ministry of Power has said that staff of the defunct Power Holding Company of Nigeria (PHCN) would greatly benefit from the private firms.

The Special Assistant to the Minister of Power, Prof Chinedu Nebo on Communications, Kande Daniel disclosed this yesterday in a statement.

Kande who stated that government had resolved labour issues through dialogue said, “the culture of mutual respect and dialogue has kept crises at bay, and made way for faster progress in implementing the nation’s power sector privatisation programme.”
She maintained that the ministry, using a biometric system, has verified payment for 45,000 staff out of an estimated 47,000 in the ongoing process, just as the Nigerian Electric Liability Management Company (NELMCO) would also absorb other liabilities of the defunct PHCN including pension while government has negotiated with the new core investors to retain a significant percentage of the workforce for a given time within the transition period.

Kande stated that apart from the DisCos and the GenCos, the National Integrated Power Projects (NIPPs) are being completed with the 434MW Geregu 2 Power Station commissioned.
She said, there are other greenfield independent power projects and allied industries such as cable and meter manufacturers that will create more jobs.

, just the National Power Training Institute of Nigeria (NAPTIN) is bent on training additional 17000 skilled engineers and technicians to meet rising electricity demands.
Urging the severed PHCN staff to utilise better opportunities presented by the new private power sector, Prof. Nebo in the statement said, “If you insist on calling the challenges ‘enormous’, permit me to coin the term ‘MEGANORMOUS’ for the opportunities therein.”


Information from Daily Trust was used in this report.