The Federal Government has announced the commencement of payment of N18 billion in outstanding severance benefits to 2,700 ex-workers of the defunct national air carrier, Nigeria Airways. The airline was liquidated in 2005 by the administration of former President Olusegun Obasanjo, contrary to the recommendation of the International Finance Corporation (IFC) for a privatisation option. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who briefed journalists in Abuja on Friday, disclosed that 2,100 former employees had been paid, while another 600 beneficiaries in batches eight and nine had been cleared for payment. Oyedele explained that payments were being made in batches to avoid already verified beneficiaries continuing to wait.
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