We ‘ve Spent N609.4 Billion on Labour Liabilities So Far-BPE



BPE signboardThe Director General of the Bureau of Public Enterprises, Mr. Benjamin Dikki, has revealed that the Federal Government has spent about N609,398,074,485.63 between 2000 and 2013 in settlement of labor liabilities in privatized public enterprises.
He made this known while interacting with journalists after a meeting with the Energy Working Group of the Nigeria-Germany Bi-National Commission, held at the Transcorp Hilton Hotel, Abuja
He noted that the sector break down shows that a chunk of the money was spent in the settlement of labor liabilities in the power sector, which has gulped over N384.062 billion, representing 63% of the entire N609 billion payout.
Power sector was closely followed by the telecommunications sector, and principally, the settlement of labor issues in Nitel/M-tel, with a total sector spent of N126, 716,111,589.00
He pointed out that Federal Government had further spent N67, 780,039,618.52 in the settlement of labor liabilities in the transport and aviation sector with bulk of it spent on the settlement of liabilities of the workers of Nigeria Ports Authority (NPA).
He noted that the steel sector consumed another N10, 733,347,712.53 to settle labor liabilities.
Government spent about N8, 950,510,491.00 in the settlement of labor issues in privatized enterprises in the agro-allied sector.
Others are:Insurance N4,700,000,000.00;Sugar companies N3,527,095,184.00;Paper mills N417,447,000.00;Hospitality N1,262,708,633.60;Cement companies N636,324,705.00;Media enterprises N505,874,001.23;and Petrochemicals N106,615,529.87
Addressing specifically the labor issues in PHCN successor companies, he said government had shown tremendous goodwill and commitment to resolving all the labour issues in the power transaction, adding that it was the only singular transaction that all the proceeds realized from the sale of power assets were committed to settling labor liabilities.
“Payment of all the workers entitlements is on-going and money set aside to pay all those that have been duly cleared”, he added.
It would be recalled that the Federal Government has demonstrated great commitment in resolving labour issues in the power sector reform and privatization. Apart from committing the entire proceeds realized from the sale of power assets to the payment of the workers’ terminal benefits, government had at the initial stage of the transaction, released N57bn to take care of the workers pension. This came after the government had increased the workers’ salary by 50 percent and regularized some of the casual workers.

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