President Bola Tinubu has released N4 billion as the second tranche of severance benefits to 600 former Nigeria Airways workers.
This is contained in a statement 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 statement said the N4 billion payment follows the N18 billion earlier released in September 2026 to settle the entitlements of 2,700 former workers across the first nine batches.
According to the statement, the disbursement is part of the Federal Government’s ongoing efforts to settle outstanding severance obligations owed to former employees of the defunct national carrier.
It stated that the total gross severance benefits for the 600 beneficiaries amount to N4,251,043,000.19, with deductions of N212,552,150.01, adding that the net amount released for payment stands at N4,038,490,850.18.
The statement further noted that the latest disbursement was part of the Federal Government’s ongoing efforts to settle outstanding severance obligations owed to former employees of the defunct national carrier.
It explained that payments were being processed in batches based on the verification of eligible beneficiaries and their records to ensure that approved 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 statement said.
Tinubu releases N4bn for payment of 600 ex-Nigeria Airways workers