President Buhari Approved Benefits of Ex-Nigeria Airways Workers, Grant ASUU’s Request
The first achievement under the newly appointed minister of finance has been recorded as President Muhammadu Buhari graciously approved the immediate release of N22.68billion & N20billion as retirement benefits of ex-workers of the Nigeria Airways Limited (in Liquidation) & ASUU’s request for revitalization fund of public universities.
Regarding the settlement of outstanding retirement benefits due to the Ex-workers of the Nigeria Airways, the initial submission for their retirement benefits was N78 billion.
This amount was verified by PICA & other relevant stakeholders in line with the condition of service of Nigeria Airways Limited in liquidation and other extant rules and regulations. At the end of verification, N45 billion was agreed as total retirement benefits of affected staff.
The honourable minister of finance said
“As you might be aware, the Ex-workers of Nigeria Airways Limited (in Liquidation) were not paid their retirement benefits for the past 15 years. Many ex-workers have been through untold hardship. This unfortunate situation cannot be allowed to continue under a responsible admin.
15 years after, I’m happy to announce today, that President Muhammadu Buhari has approved the immediate release of N22.68 billion, being 50% of N45.3 billion total entitlements of the Ex-workers of Nigeria Airways Limited in Liquidation.”
Regarding funding measures for the Revitalization of Public Universities, you may recall that ASUU signed a MOU with the FG sometimes in 2013 on the terms and conditions on which the government would improve funding for staff welfare and provision of critical infrastructure.
President Muhammadu Buhari in his determination to revitalize Public Universities and ensure smooth running of the tertiary education system, has approved the sum of N20 billion for immediate release for Public Universities through the revitalization scheme.
These funds will be released to beneficiary universities in line with the established criteria used by the NUC. Progress of the implementation will be monitored with a view to resolving emerging issues and keeping the government’s promises to relevant stakeholders.
CREDIT: Federal Ministry of Finance