Federal Government Disburses N4.25bn to 600 Former Nigeria Airways Workers
N4.25bn paid to 600 former employees in the 10th and 11th batches of beneficiaries
In Brief
- •N4.25bn paid to 600 former employees in the 10th and 11th batches of beneficiaries
- •Total beneficiaries paid now 3,300 across 11 batches
- •Gross payments to date reach N22.25bn (N18bn previously + N4.25bn)
- •National Assembly flagged an outstanding liability of N36bn in January 2025
- •Ministry of Finance continues verification of claims for remaining beneficiaries
Why It Matters
The payment marks a significant step in resolving long‑standing pension and severance obligations that arose after Nigeria Airways ceased operations in 2003. By clearing 600 more claims, the government is addressing financial hardship faced by former employees and their families, while also demonstrating a commitment to honoring public sector liabilities. The move may influence future government handling of legacy corporate obligations and restore confidence in public institutions’ ability to meet contractual commitments.
Key Details
- Total Beneficiaries Paid
- 3,300
- Latest Payment Amount
- N4.25bn
- Gross Payments to Date
- N22.25bn
- Outstanding Liability (Jan 2025)
- N36bn
- Number of Batches Paid
- 11
- Airline Ceased Operations
- 2003
Original Reporting & Sources
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