Mr Beks Dagogo-Jack, the Chairman,
Presidential Task Force on Power, on Wednesday said the Federal Government would complete the payment of all outstanding entitlements of PHCN workers by December.
Dagogo-Jack, speaking at a Power Investors'
Summit organised by the EnergyNet Ltd. in
partnership with Nextier Capital in Lagos,
said that all other labour issues would be
addressed.
We have an agreement with the PHCN workers
unions and we have almost completed the
payment, but they will all be settled before
Jan.1, 2014 deadline," he said.
The taskforce chairman said that the Federal
Government only presented certificates to the investors on Monday.
According to him, the physical and structural aspect will be handed over before the end of 2013.
Dagogo-Jack said the desire of the
stakeholders was that between now and December there should be a transition period in the management of the industry.
He said that the transition period would
enable investors to make necessary
adjustments.
The chairman said that it would also provide
avenue for them to test run the market so that they would know where they were heading to.
In the transition setting, it gives you an
opportunity to test where you are heading to
so that when you get there you cannot go
wrong," he said.
The task force chairman said that most of the contracts in the power sector would be
completed between now and December
All the contracts will be put in place and
other things will be tidied up within this
period," Dagogo-Jack said.
The News Agency of Nigeria (NAN) reports that President Goodluck Jonathan on Monday handed over certificates and licence to buyers of successor companies of the PHCN.
NAN reports that the gesture signalled
government's disengagement from the management of the plants, but will continue to oversee the transmission network in the interim.
Some disengaged workers of PHCN, had on
Monday, staged protests over non-payment of
their terminal benefits before handing over to the new investors.
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