Privatisation council okays N1.3bn outstanding for SAHCO’s ex-workers
The National Council on Privatisation (NCP), presided over by Vice President Yemi Osinbajo, SAN, has approved the sum of N1.371 billion for the settlement of outstanding redundancy benefits owed the former workers of aviation ground handling service provider – Skyway Aviation Handling Company Plc (SAHCO). The Senior Special Assistant to the President on Media and […]
Ex-Vice President Yemi Osinbajo
The National Council on Privatisation (NCP), presided over by Vice President Yemi Osinbajo, SAN, has approved the sum of N1.371 billion for the settlement of outstanding redundancy benefits owed the former workers of aviation ground handling service provider – Skyway Aviation Handling Company Plc (SAHCO).
The Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, announced the approval on Monday in a statement issued in Abuja.
He said the decision made to provide succour and ensure the payment of the entitlements of ex-workers was one of the highlights of the 6th meeting of the council last Friday at the Presidential Villa, Abuja.
He said the Director General of the Bureau of Public Enterprises (BPE), Mr Alex Okoh, had presented a memo to the council seeking its approval for the payment of the sum due to ex-SAHCO workers.
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Akande said the council also received an update on the development of a 1,650 MegaWatts Hydro Power Plant in Makurdi, Benue State, particularly 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.
Regarding the update on the concession of the Zungeru Hydroelectric Power Plant, he added that the council was informed that Requests for Qualifications (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 DisCos, the presidential spokesman said council was informed that the notifications of change of directors for all the DisCos had been filed at the Corporate Affairs Commission, while the BPE had issued guidelines to the banks/lenders for the sale of their 60% shares in the assets.
He said further updates were received on the sale of five NIPP Power Plants, particularly the engagements with the Nigerian Governors Forum on the NIPP transaction, and the resolution by the governors to constitute a committee to review the transaction and revert to the bureau.