FG Approves N9.24bn Life Insurance Cover for Public Servants for 2022/23


Deji Elumoye in Abuja 

The federal government has approved a total sum of N9.24 billion for the 2022/2023 Group Life insurance cover for Nigerian public servants.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known to newsmen Wednesday after the weekly Federal Executive Council (FEC) meeting, which was presided over by Vice-President Yemi Osinbajo, at the Presidential Villa, Abuja.

Ahmed, who spoke on the approval of the memorandum, which she said was presented to the Council by the Head of the Civil Service of the Federation, Dr (Mrs) Folashade Yemi-Esan, explained that the insurance is to cover all federal government officials. 

Her words: “The Head of Service of the Federation presented a memo to Council on Group Life Insurance Cover for the period 2022 to 2023. This is an insurance cover that is covering all government officials in all government agencies, paramilitary and intelligence agencies. Council approved the total sum…

Source: Thisday Newspaper