President Tinubu Approves Renewal of Life Assurance for Federal Workers
President Bola Tinubu has given the green light for the renewal fees of the Group Life Assurance for federal government workers to be covered. This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, following the conclusion of the first 2024 meeting of the Federal Executive Council (FEC) held in Abuja on Wednesday.
Idris revealed that the approval came after a memo was presented to the council by the Head of the Civil Service of the Federation, Folasade Yemi-Esan. The president has sanctioned approximately N9.6 billion to be allocated to 12 local insurance firms. This funding is intended to provide coverage for federal workers in the event of unforeseen incidents during the course of their duties, such as death or severe injury, ensuring that their families are not left in a vulnerable position.
The minister emphasized that this decision underscores the administration’s commitment to rewarding its workforce adequately, with the aim of enhancing efficiency, productivity, and service delivery to the Nigerian populace.
Shifting the focus to education, Minister of State for Education, Yusuf Sununu, reiterated that the January commencement date for the student loan program remains unchanged. He noted that a website has been operational for interested students who meet the specified criteria, with funding provisions already allocated in the 2024 budget.
Furthermore, the council has approved the establishment of campuses of foreign institutions in Nigeria, aimed at increasing the enrollment of Nigerian students and fostering global collaboration in research among higher education institutions. Sununu explained that guidelines have been set to ensure that the quality of education provided at these local campuses aligns with the standards of the parent institutions abroad.
He highlighted that this policy initiative would not only enhance the quality of education but also contribute to national development by conserving foreign exchange that would otherwise be spent on sending students abroad.
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