Director - General of the Bureau of Public Enterprises[BPE],Miss Bolanle Onagoruwa who disclosed this yesterday[Tuesday] at the sidelines of the Bureau’s electric power investors forum in Lagos,said the money would take care of the liabilities and severance packages of the workers of the power company.
She said the Federal government would commence the disbursement of the money to the affected workers after the conclusion of the privatization of the successor companies of the PHCN.
Electricity union workers recently took a swipe at the Bureau,saying the agency is in hurry to transfer national assets to Government cronies and hangers-on.
According to the unions, the bureau gave no room for extensive dialogue with the workers to determine their fate in the post-privatization of the companies.At a time,they embarked on industrial action to press home their demands.
But Onagoruwa said it is not true that the government shunned all entreaties to discuss labour matters and accused the workers of using surrepturious means to delay the privatization of the power company.
She said the government would go ahead to disburse the fund to the affected workers in order to strengthen the privatisation programme.
In her remarks at the forum,Onagoruwa explained that in implementing the reform, her agency followed the path of structured transition by creating transition reform agencies such as the Nigerian Electricity Liability Management Company (NELMCO) established to manage stranded liabilities, pension liabilities and other liabilities of the PHCN.
According to her,the BPE has also incorporated the Nigeria Bulk Electricity Trading Company, known as the “Bulk Trader,” which is saddled with the responsibility of bulk procurement and sale of power in the sector, and thus alleviating the fears of prospective power investors.
DailyTrust
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