JONATHAN HANDS OVER CERTIFICATES TO PHCN SUCCESSOR COMPANIES

President Goodluck Jonathas has handed over the share certificates and
licenses to 14 new core owners of the Power Holding Company of Nigeria
(PHCN) successor companies with an assurance that things can only get
better in the power sector.
Jonathan described the process of the privatisation programme as the
most transparent in the history of privatisation in the country and
that government is working out modalities to tackle the challenges
such as the payment of severance allowances to the PHCN staff.
He observed that the payment of emoluments to the PHCN staff have
almost been completed but called on labour to shun demonstration as
the decision taken is for the greater good of all Nigerians.