President Bola Tinubu has launched N4 billion because the second tranche of severance advantages to 600 former Nigeria Airways workers.
This is contained in a press release by Maryann Duke, the Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Monday.
The assertion stated the N4 billion payment follows the N18 billion earlier launched in September 2026 to settle the entitlements of 2,700 former workers throughout the primary 9 batches.
According to the assertion, the disbursement is a component of the Federal Government’s ongoing efforts to settle excellent severance obligations owed to former workers of the defunct nationwide service.
It acknowledged that the entire gross severance advantages for the 600 beneficiaries quantity to N4,251,043,000.19, with deductions of N212,552,150.01, including that the web quantity launched for payment stands at N4,038,490,850.18.
The assertion additional famous that the newest disbursement was half of the Federal Government’s ongoing efforts to settle excellent severance obligations owed to former workers of the defunct nationwide service.
It defined that funds had been being processed in batches based mostly on the verification of eligible beneficiaries and their data to make sure that permitted entitlements reached the rightful recipients.
“The Federal Government recognises the prolonged wait experienced by former employees and their families and remains committed to resolving legitimate outstanding claims through an orderly and transparent process, while safeguarding public funds through appropriate verification,” the assertion stated.
