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Nigeria Government Raises Group Assurance Allocation To N17.31bn

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Contenido proporcionado por Africa Business Radio. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Africa Business Radio o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
The Federal Government has increased the allocation to group life assurance by 80 per cent in the proposed Appropriation Bill for 2025. The Minister of Information and National Orientation, Mohammed Idris, revealed that the N9.6bn was for 12 local insurance firms to cover the federal workers in case of unforeseen eventualities in the course of their duties. N17.31bn was allocated to group life assurance for all MDAs (including the Department of State Services/insurance of sensitive assets/members of the National Youth Service Corps, plus administration & monitoring). The policy, which ensures that dependents of a deceased employee receive three times his total annual emolument, was meant to cushion the effect of death on a deceased worker’s family.
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Manage episode 459620803 series 3174974
Contenido proporcionado por Africa Business Radio. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Africa Business Radio o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
The Federal Government has increased the allocation to group life assurance by 80 per cent in the proposed Appropriation Bill for 2025. The Minister of Information and National Orientation, Mohammed Idris, revealed that the N9.6bn was for 12 local insurance firms to cover the federal workers in case of unforeseen eventualities in the course of their duties. N17.31bn was allocated to group life assurance for all MDAs (including the Department of State Services/insurance of sensitive assets/members of the National Youth Service Corps, plus administration & monitoring). The policy, which ensures that dependents of a deceased employee receive three times his total annual emolument, was meant to cushion the effect of death on a deceased worker’s family.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
  continue reading

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