By Blessing Oziwo
The federal government has disbursed ₦4.25 billion in outstanding pension and severance benefits to 600 additional beneficiaries of the defunct Nigeria Airways Limited, bringing the total number of beneficiaries paid to 3,300 across 11 batches.
Key Highlights
- FG pays ₦4.25bn in pension and severance benefits to 600 more ex-Nigeria Airways workers.
- The latest payment covers Batches 010 and 011, totalling ₦4,251,043,000.19 in gross benefits.
- Total beneficiaries paid now stand at 3,300 across 11 batches.
- Verification of next of kin of deceased workers is ongoing.
- The ministry links the payment to President Tinubu’s Renewed Hope Agenda.
The payment was disclosed in a statement by the Head of Media of the Federal Ministry of Finance, Mrs. Efe Ovuakporie, who said the latest disbursement covers Batches 010 and 011, amounting to ₦4,251,043,000.19 in gross benefits.
According to the statement, the first nine batches covered 2,700 beneficiaries, while the latest payment extends the settlement to another 600 eligible former workers and beneficiaries.
The disbursement is expected to provide financial relief to recipients who have waited for years for the settlement of pension and severance entitlements arising from their service with the former national airline.
Next-of-Kin Verification Ongoing
The ministry also disclosed that its verification and validation exercise for the next of kin of deceased Nigeria Airways workers is ongoing.
The exercise is designed to establish eligibility and verify claims against approved records before outstanding benefits are paid.
It added that verified claims would continue to be processed in line with established procedures to ensure that payments reach eligible beneficiaries.
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The latest disbursement forms part of the federal government’s efforts to settle outstanding obligations inherited from the defunct airline and provide relief to affected former workers and their families.
The ministry said the payment aligns with President Bola Tinubu’s Renewed Hope Agenda through efforts to resolve longstanding financial obligations and ensure that eligible beneficiaries receive their entitlements.
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