FG pays ₦4.25bn to Nigeria Airways pension beneficiaries
….latest disbursement brings total beneficiaries paid to 3,300 as verification of next of kin continues.

By Onu Okorie

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.
The latest payment, covering Batches 010 and 011, amounts to ₦4,251,043,000.19 in gross benefits and represents a further step in settling longstanding financial obligations to former employees of the national carrier.
With the latest disbursement, the government has extended payments to another 600 beneficiaries, following the settlement of claims involving 2,700 beneficiaries in the first nine batches.
The payments are expected to provide financial relief to former workers and their families who have waited for years for the settlement of pension and severance entitlements arising from their service with the defunct airline.
The development also marks continued progress in the government’s efforts to address outstanding legacy obligations to eligible former Nigeria Airways workers.
Meanwhile, the Federal Ministry of Finance is continuing its verification and validation exercise for the next of kin of deceased former employees of Nigeria Airways.
The exercise is designed to establish the eligibility of claimants and validate their submissions against approved records before outstanding benefits can be processed for payment.
The ministry said verified claims would continue to be processed in line with applicable procedures to ensure that payments reach eligible beneficiaries.
The settlement of the outstanding entitlements forms part of the Federal Government’s efforts to resolve inherited financial obligations and fulfil its commitments to former employees of the defunct national carrier.
The payment also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which the government says is aimed at addressing longstanding obligations and providing financial relief to affected individuals and families.