FG PAYS ₦4.25BN TO 600 MORE NIGERIA AIRWAYS BENEFICIARIES, TOTAL HITS 3,300
By Pan Afric Reporters
The Federal Government has disbursed more than ₦4.25 billion in outstanding pension and severance benefits to another 600 beneficiaries of the defunct Nigeria Airways Limited, bringing the total number of beneficiaries paid to 3,300 across 11 batches.
The Federal Ministry of Finance disclosed this in a press release issued by its Head of Media, Efe Ovuakporie, announcing the latest payment covering Batches 010 and 011.
According to the Ministry, the latest disbursement amounted to ₦4,251,043,000.19 in gross benefits, extending the settlement of outstanding entitlements owed to eligible former employees of the defunct national carrier.
The Ministry explained that the first nine batches covered 2,700 beneficiaries, while the latest payments added another 600, bringing the cumulative number of beneficiaries paid to 3,300.
The payment is expected to provide financial relief to former workers and other eligible beneficiaries who have waited for the settlement of pension and severance entitlements arising from their service with the former national airline.
The Ministry described the disbursement as progress in resolving longstanding obligations, stating that the settlement reflects the Federal Government’s efforts to address verified legacy claims and ensure eligible beneficiaries receive their entitlements.
Meanwhile, the Ministry disclosed that its verification and validation exercise for the next of kin of deceased former Nigeria Airways workers was ongoing.
The exercise is aimed at establishing eligibility and confirming claims against approved records to facilitate the settlement of outstanding benefits.
“The Ministry will continue to process verified claims in line with applicable procedures, ensuring that payments are made to eligible beneficiaries,” the statement said.
It added that the payment aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda by advancing the resolution of longstanding obligations and providing financial relief to affected families.
The latest disbursement marks another phase in the Federal Government’s efforts to settle verified financial obligations arising from the operations of Nigeria Airways, which ceased operations in 2003.
