Nigerian government approves N9billion life assurance for workers
The Nigeria’s President Bola Tinubu on Wednesday approved the payment of renewal fees for the Group Life Assurance for federal government workers, which was a sequel to a memo brought by the Head of the Civil Service of the Federation, Folasade Yemi-Esan, to the Federal Executive Council (FEC).
Penpushing reports that Minister of Information and National Orientation, Mohammed Idris, made this known at the end of the first 2024 meeting of the Federal Executive Council (FEC) held in Abuja, Federal Capital Territory (FCT).
The Minister explained that the President approved about N9.6 billion for 12 local insurance firms to cover the federal workers in case of unforeseen eventualities in the course of their duties, adding that it is a normal annual cover that insurance companies give workers.
‘There are about 12 insurance companies involved. It is 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.
Penpushing further reports that Idris said 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 Sunumu, on students’ loan said the January date for the take-off of the student loan was still in place, adding that a website had already been working for interested students with requisite criteria.
Penpushing also reports that he pointed out that the government had made funding provision for it in the 2024 budget, disclosing that the council approved the setting up of foreign institution campuses in the country to increase enrollment of Nigerians and encourage research among higher institutes worldwide.
The Minister explained that a guideline has been provided to ensure the quality of training on the local campuses is standardised with the parent institution abroad, adding that the policy would also save the nation from scarce foreign exchange taken abroad instead of being used for national development.
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