26th August, 2010
Staff of the Power Holding Company of Nigeria have suspended their nationwide strike which began yesterday.
The decision is coming after President Goodluck Jonathan last night directed the Minister of Power for State, Nuhu Way, to strike a deal with the dissenting workers.
The Abuja Zonal secretary of the company, Temple Iworima, confirmed that its representatives met with Mr. way and added that there were conditions to the agreement. The terms of the agreement are that 20,000 members of verified PHCN staff will be paid monetization arrears starting from today, August 26. The payment process is to last longer than one week from today after which the PHCN will review and address the problem.
Mr. Iworima warned that there could still be further industrial action if the Federal Government fails to honour its own side of the agreement. It is expected that power installations will be switched back on when normal duties resume in PHCN offices across the country this morning