The Federal Government has released ₦4.04 billion as the second tranche of severance benefits to 600 eligible former workers of Nigeria Airways Limited, covering Batches 010 and 011. The Ministry of Finance disclosed this in a statement issued on Monday, October 19, 2026, and signed by Maryann Duke, Senior Special…...
The Federal Government has released ₦4.04 billion as the second tranche of severance benefits to 600 eligible former workers of Nigeria Airways Limited, covering Batches 010 and 011.
The Ministry of Finance disclosed this in a statement issued on Monday, October 19, 2026, and signed by Maryann Duke, Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy.
The latest payment follows the ₦18 billion released in September 2026 to settle the entitlements of 2,700 former workers across the first nine batches.
According to the statement, the total gross severance benefits for the 600 beneficiaries amount to ₦4,251,043,000.19, with deductions of ₦212,552,150.01.
The net amount released for payment stands at ₦4,038,490,850.18.
The ministry said 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.
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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.
The ministry added that it would continue to support the implementation of approved government obligations in line with established procedures and the applicable payment process.
“The Ministry of Finance will continue to support the implementation of approved government obligations in line with established procedures and the applicable payment process,” the statement added.