Jonathan Finally Constitutes TCN Supervisory Board

President Goodluck Ebele Jonathan through the Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, has announced the constitution of the supervisory board of the Transmission Company of Nigeria (TCN)

Anyim said that the constitution of a supervisory board for TCN is part of efforts by the government to reposition the transmission company towards the attainment of the goals of the power reform programme of the Federal Government. The supervisory board of TCN will be led by  Engr. Hamman Tukur as chairman, while Mr. Akinsola Akinfemiwa will assist him in the capacity of the Vice-Chairman.

Other members include the  Director of Human Resources  Management, Bureau for Public Enterprises (BPE); a representative of the Coordinating Minister for the Economy and Minister of Finance; Director of Power, Ministry of Power; and  a commissioner from the Nigerian Electricity Regulatory Commission (NERC).

The TCN board will also have the representative of the Manufacturers Association of Nigeria (MAN), representative of the generation companies (GENCOS), and a representative of the distribution companies (DISCOS) as members.

FG approves 25% pay-off for electricity workers

After protracted negotiations, electricity workers have sealed a deal with the Federal Government to end the lingering crisis over their pension payout.

In an agreement reached at the Office of the Secretary to the Government of the Federation, the Federal Government agreed to pay the workers’ pension that had accrued by June 30, 2007 on the basis of 25 per cent of their annual salaries. However, the payment will be based on the new conditions of service that came into effect in 2010, while pension accruals from July 1, 2007 will be based on 15 per cent of annual salaries as contained in the Pension Reform Act, 2004.

The workers had been at loggerheads with the Federal Government since 2010 over what their terminal benefits should be.

While the former Minister of Power, Prof. Bart Nnaji, had insisted that the workers should be paid on the basis of the 2004 PRA, the workers had insisted that they must be paid according to their Superannuation Fund, which made them to be entitled to 25 per cent.

Present at the meeting were the Secretary to the Government of the Federation, Senator Anyim Pius Anyim; Minister of Labour, Chief Emeka Wogu; Minister of State for Power, Mrs. Zainab Kuchi; President, Trade Union Congress, Mr. Peter Esele; and Secretary General, National Union of Electricity Employees, Mr. Joseph Ajearo.

Anyim signed the agreement on behalf of the Federal Government, while Esele and Ajearo signed on behalf of the workers.