President Bola Tinubu has launched N4 billion as the second one tranche of severance advantages to 600 former Nigeria Airlines staff.
That is contained in a observation by way of Maryann Duke, the Senior Particular Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economic system, Taiwo Oyedele, on Monday.
The observation stated the N4 billion fee follows the N18 billion previous launched in September 2026 to settle the entitlements of two,700 former staff around the first 9 batches.
In line with the observation, the disbursement is a part of the Federal Govt’s ongoing efforts to settle exceptional severance duties owed to former workers of the defunct nationwide service.
It mentioned that the overall 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 fee stands at N4,038,490,850.18.
The observation additional famous that the most recent disbursement was once a part of the Federal Govt’s ongoing efforts to settle exceptional severance duties owed to former workers of the defunct nationwide service.
It defined that bills have been being processed in batches in response to the verification of eligible beneficiaries and their information to make sure that licensed entitlements reached the rightful recipients.
“The Federal Govt recognises the extended wait skilled by way of former workers and their households and stays dedicated to resolving reputable exceptional claims thru an orderly and clear procedure, whilst safeguarding public budget thru suitable verification,” the observation stated.