New Investors Take Over PHCN As Workers Protest

President Goodluck Jonathan has handed over the share certificates and licenses to 14 new owners of the Power Holding Company of Nigeria, PHCN successor companies with an assurance that things will 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.

Meanwhile PHCN staff are not happy about this improvement because their salaries are yet to be paid. They protested this morning in Governemnt offices in Abuja and Lagos, and also warned the new investors to stay away  from power installations for now until their demands are met.

Posted by Ladun Liadi

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