The Minister of Power, Barth Nnaji, has assured staff of the Power Holding Company of Nigeria (PHCN) that their jobs are safe despite the unbundling process going on in the company.
Mr. Nnaji who spoke via his Twitter handle Wednesday was specifically referring to the signing of a Memorandum of Understanding (MOU) with a Canadian firm, Manitoba Hydro International, for the management of the Transmission Company of Nigeria (TCN).
“The signing of a three year contract with Manitoba Hydro International of Canada for the management of Transmission Company of Nigeria (TCN) is aimed at ensuring that the system is private sector-driven,” he said.
The Minister urged the staff of PHCN not to panic over the imminent takeover of the company because the new managers are not planning to replace them.
“PHCN workers need not be afraid of retrenchment as the new management has no plan of replacing them with new staff,” he added.
According to Mr. Nnaji “the new management company is coming with only eight staff who will be taking over eight senior management positions” adding that “the eight people they will be replacing will act as deputies. This is no doubt a win-win situation and a mutually beneficial relationship for both sides”.
Mr. Nnaji said everything will continue to be normal in the company with the only difference being its being private sector driven.
“The system will work as normal. There will be no retrenchments and no reduction in salaries. The only difference is that the system will now be private sector-driven”.