Monday, 30 September 2013

NIGERIA: PHCN Workers protest Company's takeover By Foreign Investors

Having handed MOU’s, licences and all necessary documents of the proposed deal over to the 14 new investors in PHCN(Power Holding Company of Nigeria )and with an assurance to Nigerians that things will get better in the power sector, ex-PHCN staff have taken to the streets to protest against the new development. Their anger is backed by their unpaid salary owed them by the Federal Government. The staff who protested this morning in PHCN Government offices in Abuja and Lagos warned the new investors to stay away from power installations for now until their demands are met.

Meanwhile, President Jonathan has described the process of the privatisation programme as the most transparent in the history of privatisation in the country.

I hate to sound selfish, but for the first time, ill say this is good riddance to bad rubbish, but only if Mr President has consummated this deal the right way. However i urge stakeholders to pay the ex workers all that is due to them.

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