BY COBHAM NSA – Keeping to its promise of clearing long-standing debts, the Federal Government has injected ₦4.25 billion into paying outstanding pension and severance benefits for an additional 600 former employees of the defunct Nigeria Airways Limited.
This latest disbursement marks a critical milestone by pushing the total number of verified beneficiaries to 3,300 across 11 successive payment batches.
The massive payout, which specifically clears the backlog for Batches 010 and 011, amounts to ₦4,251,043,000.19 in gross benefit
This decisive financial release brings long-awaited succour to hundreds of families, significantly expanding the government’s ongoing efforts to fully settle the historical obligations to eligible beneficiaries who served with the former national carrier.
A statement by Efe Ovuakporie, Head of Media, Federal Ministry of Finance, said the verification and validation exercise for the next of kin of former Nigeria Airways workers is ongoing.
The statement explained that the process is intended to establish eligibility and confirm claims against approved records to facilitate the settlement of outstanding benefits, adding that the Ministry will continue to process verified claims in line with applicable procedures and ensure that payments are made to eligible beneficiaries.
Importantly, the Ministry said settlement of these obligations reflects the Federal Government’s efforts to resolve verified legacy claims and ensure eligible beneficiaries receive their entitlements.
Stressing that ongoing payments effectively align with the Renewed Hope Agenda’s focus on economic stability, the statement said the development also resolves long-term state obligations while providing critical financial relief to bolster household purchasing power
