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FG approves N1.3bn redundancy benefits for SAHCO’s ex-workers’

The National Council on Privatization (NCP), presided over by Vice President Yemi Osinbajo, has approved about N1.371 billion for the settlement of outstanding redundancy benefits owed ex-workers of aviation ground handling service provider – Skyway Aviation Handling Company Plc (SAHCO).

This was one of the highlights of the 6th meeting of the Council last Friday, at the Presidential Villa, Abuja.

The Director-General, Bureau of Public Enterprises (BPE), Alex Okoh, had presented a memo to the Council seeking approval for the payment of the sum due to the ex-SAHCO workers.

Okoh also informed the Council of the notice of “peaceful protest” received from ex-workers of SAHCO, who are also members of the National Union of Air Transport Employees (NUATE), and Air Transport Services Senior Staff Association of Nigeria (ATSSAN).

The demonstration is intended to air their grievances over the non-payment of their outstanding severance entitlements after the disengagement of the workers from the company following its privatization in 2009.

After deliberation on the matter, the Council gave the approval for the outstanding severance entitlements of the ex-workers to be paid.

The Council also received an update on the development of a 1,650 megawatts hydro power plant in Makurdi, Benue State, regarding the inauguration of the Project Steering Committee and the proposed publication on the Expression of Interest for the engagement of a Transaction Adviser for the project.

After deliberation on the matter, the Council gave the approval for the outstanding severance entitlements of the ex-workers to be paid.

Regarding the update on the concession of the Zungeru Hydroelectric Power Plant, the Council was informed that Requests for Qualification (RfQs) were received from 11 consortiums, out of which three (NSP Consortium, Mainstream Energy and Africa Plus Partners) were shortlisted to present proposals for the concession.

On the restructuring of the Kano, Benin, Kaduna, Ibadan, and Port Harcourt electricity distribution (DisCos), Council was informed that the notifications of the change of directors for all the companies had been filed at the Corporate Affairs Commission (CAC), while the BPE has issued guidelines to the banks/lenders for the sale of their 60% shares in the assets.

Further updates were received on the sale of five NIPP Power Plants, and the engagements with the Nigerian Governors Forum (NGF), on the transaction, and the governors’ resolution to constitute a committee to review the transaction and revert to the Bureau.

The Council, which also had in attendance the Ministers of Finance, Budget and National Planning, Zainab Ahmed, and Power, Abubakar Aliyu, among others, expressed satisfaction with the BPE’s handling of the engagements with the governors on the sale of the NIPPs, and the Federal Government’s 40% interest in the Aba Ring-Fenced area.

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