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End Of PHCN As New Firms Take Over …Labour Threatens Showdown

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Governor Chibuike Amaechi of Rivers State (middle) with former Minister of Education, Dr Oby Ezekwesili, and Director, Port Harcourt Book Festival, Mrs Koko Kalango, at the Port Harcourt Book Festival in Port Harcourt  recently.

Governor Chibuike Amaechi of Rivers State (middle) with former Minister of Education, Dr Oby Ezekwesili, and Director, Port Harcourt Book Festival, Mrs Koko Kalango, at the Port Harcourt Book Festival in Port Harcourt recently.

Following the Federal Government’s November 1, 2013 deadline for the final unbundling of Power Holding Company of Nigeria and handover of electricity generation and distribution in the country, new investor – companies will take over the affairs of the PHCN with effect from today.
Already, officials of the Ministry of Power, the taskforce on power reform and other stakeholders are expected at the handover ceremony to be performed on behalf of President Goodluck Jonathan by the Permanent Secretary in the Ministry, Dr. Godknows Igali.
The Port Harcourt Electricity Distribution Company will be handed over to a power consortium, which entered into partnership with nine investors that came together under a consortium agreement to bid for acquisition of 60% shares of the company.
A release issued in Port Harcourt and signed by the Administrative Secretary of 4 Power Consortium Limited, Mrs. Precious Nkem Wokocha, stated that the ceremony would hold at the head office complex of the PHEDC in Port Harcourt, today.
According to the statement, “ PHED is one of the eleven distribution companies (DISCOs) that were originally ‘unbundled’ from the Power Holding Company of Nigeria (PHCN)”. “The new company’s functions will continue to be distribution and marketing of electricity in Akwa Ibom, Bayelsa, Cross River and Rivers States in Nigeria’s South- South region”.
“As a private company, we shall breathe new life into PHEDC’s programme of investment and innovation, and this will enable us to become the most efficient and sustainable utility company in Nigeria. That means our customers can expect an increasing reliable power supply and also a far better service,” it added..
Managing Director of Income Electric Limited, one of the partners in the consortium, Mr Matthew Edevbie reiterated the company’s commitment to stimulating economic growth and improving electricity and service delivery in the region. He stated that, the new PHED “will foster a high performing culture that motivates employees to create value and make a difference in the lives of customers and in the communities they live and work.”
He disclosed that the new company’s core functions would continue to be distribution and marketing of electricity in Rivers,Akwa Ibom,Bayelsa and Cross River States in Nigeria’s South-South region.
Also, the Chairman of  the new core investors in the project, Sir Augustine Nwokacha said, “as a private company, it will breathe new life into PHED’s programme of investment and innovation, and this will enable us to become the most efficient and sustainable utility company in Nigeria,adding that customers can expect an increasingly reliable power supply and  far better services” .
Thousands of disengaged workers of the Power Holding Company of Nigeria, PHCN, have threatened a showdown with the Federal Government, following its plans to physically hand over the defunct company to new investors today. The reason for the showdown, according to some of the PHCN workers who spoke with our correspondents, is the delay in payment of severance benefits of about 35% of the workforce.
In some of the PHCN offices visited by our correspondent across the state yesterday, activities were paralysed while the workers were seen discussing their fate.
Policemen were deployed to some of the PHCN offices to forestall break down of law and order. Policemen were seen at Badia and Marina area offices of the PHCN.
Confirming the likelihood of showdown, PHCN Senior Manager, Public Affairs Ijora district, Ayiwe Peter said that they were not against the hand over, but that they wanted want the government to pay the workers before it handed over. Peter said should the government go ahead to hand over without paying the workers, the union will pull their members out and there would be total black out.
He advised Nigerians to prepare for alternative source of electricity so that they would not be caught up in darkness. Contrary to Bureau of Public Enterprise’s statement that at least 84 per cent of the workers had been paid off, while others would be paid between Wednesday and Thursday, the workers said banks had refused to honour the government’s directive to pay them.
They threatened that if their entitlements were not paid by the end of October, the entire workforce of PHCN in all the 36 states would embark on indefinite strike. They therefore appealed to government to ensure that all the agreements it signed with the workers were met to avert the strike.
“If not, how will they ask us to go and they will not pay us? This is sheer man’s inhumanity to man,” he said. The successor companies expected to be handed over to the new investors include Abuja Distribution Company (owned by KANN Consortium Utility), Benin Distribution Company (Vigeo Power Consortium), Eko Distribution Company (West Power & Gas), Enugu Distribution Company (Interstate Electrics Ltd) and Ibadan Distribution Company (Integrated Energy Distribution & Marketing Limited).
Others are: Ikeja Distribution Company (NEDC/KEPCO Consortium), Jos Distribution Company (Aura Energy Limited), Kano Distribution Company (Sahelian Power SPV Limited), Port Harcourt Distribution Company (4Power Consortium) and Yola Distribution Company (Integrated Energy Distribution & Marketing Limited).
The power generation companies expected to be handed over are Shiroro (owned by North-South Power Company), Kainji (Mainstream Energy Solutions Ltd), Geregu (Amperion Power Distribution) and Ughelli (Transcorp Ughelli Power Plc). Meanwhile, the Permanent Secretary, Ministry of Power, Godknows Igali, said last Wednesday that the Federal Government had disbursed N294.51 billion to the disengaged PHCN workers.
Igali made the disclosure to State House correspondents after a special preparatory meeting to strategise on the November 1 physical handover of PHCN successor companies to private investors.
The meeting was chaired by Vice President Namadi Sambo at the Presidential Villa.
Specifically, Igali said that N214.22 billion was paid as severance benefits directly to the beneficiaries’ personal accounts, while N80.29 billion was paid as gratuity to beneficiaries’ pension fund administrators. He said that out of the 47,913 PHCN members of staff who went through the severance process, 40.093 had been fully paid, leaving out 7,820.
From the 7,820 staff, Igali said that 605 were validated last Tuesday and would be paid before the end of the week. Igali said that the remaining beneficiaries yet to be validated for payment had one issue or the other in their data capturing and electronic payment processes. “Some members in Enugu Distribution Company, about 1,478 have their biometric capture corrupted by virus and a new consultant has been moved to Enugu to recapture them.
“Those workers would not be accommodated.
“Additional 929 other workers from all over the country also had their biometric data corrupted. “This is a usual thing that happens when you are dealing with such large numbers and we are bringing them to Abuja at the expense of government for their biometric data to be recaptured so that they can be paid their entitlement immediately.
“There were also duplications of various natures, names were duplicated and accounts were duplicated. “For example, there are cases where people have three names and while filling, they put only two names,” he said. Igali said there were cases of about 2,500 staff that were very bad, but still being handled by the committee.
The Director-General of the Bureau of Public Enterprises, Mr Benjamin Dikki, said that with the full take-over of the power plants by the private sector, electricity situation would gradually improve.

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Ibas Inaugurates RSIEC, Service Commissions, Healthcare Board In Rivers  …Charges Appointees To Embrace Principles Of Service 

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The Administrator of Rivers State, Vice Admiral (Rtd) Ibok-Ete Ibas, has charged newly appointed Board members to uphold the highest standards of discipline, competence, integrity, and unwavering dedication in their service to the State.

 

He emphasized that such commitment is critical to stabilizing governance, restoring democratic institutions, and advancing the principles of good governance in the State.

 

 

 

This was contained in a statement by the Administrator’s Senior Special Adviser on Media, Hector Igbikiowubo on Monday.

 

 

 

Ibas issued the charge on Monday while inaugurating the reconstituted Rivers State Independent Electoral Commission (RSIEC), Rivers State Civil Service Commission, Rivers State Local Government Service Commission, and the Rivers State Primary Health Care Management Board at Government House, Port Harcourt.

 

 

 

The Administrator urged the new appointees to embrace their roles with diligence, patriotism, and a commitment to transforming Rivers State through excellent service.

 

 

 

Addressing the Chairman and members of RSIEC, Ibas underscored their pivotal role in ensuring credible local government elections that reflect the will of the people.

 

 

 

“Your task is clear but demanding: to conduct free, fair, transparent, and credible elections at the grassroots level. You must resist bias, favoritism, and external interference while restoring public confidence in the electoral process,” he stated.

 

 

 

“The independence of your actions is crucial to sustaining peace, stability, and grassroots governance. I urge you to act with fairness, impartiality, and professionalism—even in the face of difficult choices,” Ibas added.

 

 

 

The Sole Administrator also charged the Rivers State Civil Service Commission on the need to eliminate mediocrity and foster a culture of excellence through merit-based recruitment, training, and promotions.

 

 

 

“The civil service must transition from favoritism to competence, integrity, and accountability. Your commission will lead reforms, including digital transformation and standardized practices across ministries, departments, and agencies,” he said.

 

 

 

He disclosed that extensive training programmes are underway, with a committee set up to overhaul the public service framework for greater efficiency.

 

 

 

Meanwhile, Ibas urged the Rivers State Local Government Service Commission to ensure professionalism and discipline in local government administration.

 

 

 

“As the closest tier of government to the people, you must drive reforms that insulate the system from politics and mediocrity. Your mandate includes merit-based recruitment, training, and enforcing standards for effective service delivery,” he stated.

 

 

 

In the same vein, the Administrator charged the Rivers State Primary Health Care Management Board with revitalizing healthcare delivery across the state’s 23 local government areas.

 

 

 

“Primary healthcare is the foundation of a sustainable health system. Your board must ensure facilities are adequately staffed, equipped, and operational focusing on maternal health, immunization, malaria control, and community health services,” he said.

 

 

 

He emphasized data-driven operations, incentives for rural health workers, and restoring the referral system to improve healthcare access.

 

 

 

He also assured the Board of sustained government support, including funding, for the effective discharge of their mandates but warned that board members would be held accountable for their performance.

 

 

 

The newly inaugurated members include: RSIEC: Dr. Michael Ekpai Odey (Chairman) with Prof. Arthur Nwafor, Prof. Joyce Akaninwor, and others as members.

 

 

 

Civil Service Commission: Dr. Livinus Bariki (Chairman), Amb. Lot Egopija, Mrs. Maeve Bestman, and others.

 

 

 

Local Govt. Service Commission: Mr. Isreal Amadi (Chairman), Rear Adm. Emmanuel Ofik (Rtd), Dr. Tonye Pepple, and others.

 

 

 

Primary Health Care Board: Dr. Dawari George (Chairman), Dr. Chituru Adiele (Executive Director), Prof. Kaladada Korubo, and representatives from key ministries.

 

 

 

 

 

 

 

 

 

 

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Rivers PDP Debunks Sale Of LGA Election Forms

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The Publicity Secretary of the Peoples Democratic Party (PDP) in Rivers State, Dr. Kenneth Yowika, has debunked claims that the party has commenced sale of forms for chairmanship and councillorship elections across the 23 local government areas of the state.

 

Yowika made the rebuttal in a statement made available to newsmen on Wednesday, describing the publication on the social media as baseless and untrue.

 

He urged members of the PDP to disregard the claim, saying that official communication regarding the sale of forms would be disclosed through the appropriate channels.

 

“With reference to information trending on social media, it has been falsely claimed that the sale of forms for Chairmanship and Councillorship elections in the 23 Local Government Areas (LGAs) of Rivers State will begin soon.

 

“However, the party has firmly denied these rumours, stating that they are baseless and untrue.

 

“The party has its own established methods of reaching out to its numerous supporters.

 

“The People’s Democratic Party, a law-abiding organisation, will patiently await the release of guidelines from the recently inaugurated Rivers State Independent Electoral Commission (RSIEC) before considering any sale of election forms.

 

“The PDP is urging its members to remain calm as official communication regarding the sale of forms will be disclosed through appropriate channels,” the statement read.

 

Enoch Epelle

 

 

 

 

 

 

 

 

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South-South contributes N34trn to Nigeria’s economy in 2024 – Institute

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Prof. Pius Olanrewaju, President of the Chartered Institute of Bankers of Nigeria (CIBN), has stated that the South-South region contributes N34 trillion to country’s economy in 2024.

He made the remark at the South-South Zonal Banking and Finance Conference in Calabar, yesterday.

He spoke on the theme, ‘’Building An Inclusive South-South: Economic Diversification as a Catalyst For Development.’’

Olanrewaju, who quoted the data from the Cable Data Index, said the feat was more than 21 per cent of Nigeria’s real Gross Domestic Product (GDP).

The president described the growth as ‘’ impressive,’’ saying that it was not driven by oil alone but significant expansions in trade, services, and the creative industries.

According to him, to fully harness this potential, coordinated financial, technological, and policy support is essential.

“As we work to reposition the South-South for broad-based prosperity, the financial system must play a central role, not merely as a source of capital, but as a catalyst for innovation, ideas incubation, and inclusive economic growth.

“This conference, therefore, provides a strategic opportunity for stakeholders to reimagine the South-South economy, not merely as a resource belt, but as a region of diverse capabilities and resilient enterprises.”

Olanrewaju added that Nigeria must move beyond old models and chart a new course for the development of the South-South region, where financial institutions and stakeholder collaborate to diversify the economy for shared prosperity.

He,  however, commended Gov. Bassey Otu for his pledge of land for CIBN Secretariat in Cross River and being the first sitting governor to willingly undergo and complete the Chartered Bankers Programme.

On his part, Gov. Otu said that the conference discussion on the economic diversification in South-South region was timely against the backdrop of global trade and economic volatility that was affecting the nation’s economy.

Represented by his deputy, Mr Peter Odey, Otu said the South-South region must now act with urgency to diversify its economy while leveraging its shared natural endowment in agriculture and extractive resources.

“This conference must help develop tailored financial solutions that reflect the unique strengths and realities of states like Cross River in the south-south.

“Diversification should be evidence-based and must be backed not just by financial advice but project focused financing and real investment support,” he noted.

He said that Cross River had taken the bold step to invest in its agricultural sector by launching an Agro processing hub.

Otu further said that the state had invested in aviation by acquiring more aircrafts for Cally Air, construction of the Bakassi Deep Seaport and injecting N18 billion in its tourism sector.

Similarly, Mr Tolefe Jibunoh, Cross River Branch Controller of the Central Bank of Nigeria (CBN) said that the region was blessed with natural resources, cultural diversities and immense human potentials.

Jibunoh, who was represented by Mr Segun Shittu, Head, Currency Control Office, CBN, Calabar, noted that strategic diversification could unlock unprecedented opportunities for growth in the region.

He added that the CBN remained steadfast to maintain monetary possibilities and promote a sound financial system as a catalyst for sustainable economic development for the benefit of all.

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