Govt ‘liquidates’ PHCN, transfers workers to successor firms, agencies

Discussion in 'News in Nigeria' started by press2, Jan 9, 2012.

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    THE wind of change blowing across the public sector has swept away the Power Holding Company of Nigeria (PHCN). In its stead, 18 successor firms have emerged.

    The Federal Government, which has stepped up the implementation of the Electric Power Sector Reform (EPSR) Act of 2005, says PHCN workers will be absorbed by the 18 firms, which were created by the law. The other personnel will be transferred to agencies under the Ministry of Power.

    Minister of Power, Prof. Barth Nnaji, who confirmed the “liquidationâ€

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