President Bola Tinubu has approved the payment of N9.6bn renewal fees for the Group Life Assurance for federal government workers.
Minister of Information and National Orientation, Mohammed Idris, disclosed this on Wednesday at the end of the first 2024 meeting of the Federal Executive Council, FEC, held in Abuja.
He said that this was sequel to a memo brought by the Head of the Civil Service of the Federation, Dr Folasade Yemi-Esan to the council.
He said the President approved about N9.6billion for 12 local insurance firms to cover the Federal workers in case of unforeseen eventualities in the course of their duties.
“There are about 12 insurance companies involved. It’s a normal annual cover that insurance companies give workers. So, in the event of death or severe injury, they can resort to and so that their families would not have to suffer,’’ he said.
Mr Idris said that the approval was part of the administration’s determination to accord all its workers the needed reward that would improve efficiency, productivity and service delivery to Nigerians.
The Minister of State for Education, Dr Yusuf Sununu, said that the January date for the take-off of the students loan was still in place, adding that a website had already been working for interested student with requisite criteria.