Salary Structure at the Power Holding Company of Nigeria (PHCN)

Power Holding Company of Nigeria (PHCN) was a state-owned electricity utility company that operated in Nigeria from 1994 to 2013.

The company was responsible for the generation, transmission, and distribution of electricity in the country.

Salary Levels at PHCN

PHCN was privatized in 2013 and its assets were divided into several different companies.

Salary Structure

The salary structure of PHCN was based on a grade system, with each grade having a salary range.

The salary range for each grade was also based on the employee’s experience.

Entry-Level Salaries

The entry-level salary for PHCN employees was between N30,000 and N50,000 per month. This salary range was for employees with no experience.

Other Levels

The salary for PHCN employees at other levels was based on their experience and grade. The following is a general overview of the salary ranges for different levels of PHCN employees:

Grade 1: N50,000 to N100,000 per month

Grade 2: N100,000 to N150,000 per month

Grade 3: N150,000 to N200,000 per month

Grade 4: N200,000 to N250,000 per month

Grade 5: N250,000 to N300,000 per month

Grade 6: N300,000 to N350,000 per month

Grade 7: N350,000 to N400,000 per month

Benefits

In addition to their salary, PHCN employees also receive a number of benefits, including:

Health insurance

Pension contributions

Paid time off

Training and development opportunities

FAQs

What was the highest salary paid to a PHCN employee?

The highest salary paid to a PHCN employee was N5 million per month. This salary was paid to the Managing Director of the company.

What was the lowest salary paid to a PHCN employee?

The lowest salary paid to a PHCN employee was N30,000 per month. This salary was paid to entry-level employees with no experience.

What factors were considered when determining the salary of a PHCN employee?

The salary of a PHCN employee was based on a number of factors, including:

• Experience
• Grade
• Position
• Qualifications

What were the benefits of working for PHCN?

In addition to their salary, PHCN employees also receive a number of benefits, including:

• Health insurance
• Pension contributions
• Paid time off
• Training and development opportunities.

Also Read: Salary Structure at the Petroleum Product Pricing Regulatory Agency (PPPRA) in Nigeria