FG pays N1.1bn exit bonus to retirees 

The Federal Government has begun paying Additional Exit Benefits to retirees of Treasury-funded Ministries, Departments, and Agencies. Approximately N1.1 billion has been paid to 175 retirees who exited the Federal Public Service between January 1 and August 31, 2026. The payment is under the Federal Government Exit Benefit Scheme, approved by the Federal Executive Council and effective from January 1, 2026. The National Pension Commission stated that the scheme provides an additional financial benefit alongside pension benefits under the Contributory Pension Scheme.

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