Business
FG allocates N134bn allowance for retired military personnel
The Minister of Defence, Mohammed Badaru, announced that the Federal Government has given the green light to allocate N134,749,953,243.69 for security debarment allowance for military veterans.
He mentioned that the approval illustrated the government’s dedication to veterans’ well-being, noting that the phased rollout of the Security Debarment Allowance, which had previously excluded veterans, began in January 2023.
Badaru made this statement during the ministerial briefing for the 2024 Armed Forces Remembrance Day celebration on Friday.
He said,
Moreover, the Minister of Defence also remarked that the federal government has promised to equip the armed forces in the country to tackle insecurity.
According to him, the mounting insecurity in the country can be curtailed if the necessary hardware is provided to the military.
He also noted that this equipment and training will reduce the number of casualties recorded among the Nigerian army on the battlefield with terrorists and armed bandits.
He stated,
Furthermore, Badaru lauded the effort of the military so far in their effort to curtail security challenges in the country.
He explained that the Nigerian troops are making the ultimate sacrifice in protecting the lives and properties of the citizens of the country.
- Business1 week ago
How UBA Bank Plc , Used EFCC to Frustrate Jude Bela A Legitimate Techpreneur
- Business5 days ago
Nigerian court unfreezes N89 million in bank accounts previously indicted for illegal crypto dealings
- News1 week ago
Delta Boat Accident: Speaker Guwor Among Survivors, Says Press Sec
- Business1 week ago
Ex-CEO of Federal Mortgage Bank granted N100 million bail in alleged $65 million ‘fraud case’
- Business5 days ago
FCCPC probes GTBank, MTN and Air Peace over alleged customer rights violations
- Business1 week ago
Naira has been stable since June, Cardoso says
- News1 week ago
Four Arrested for Forging Govt Documents, Job Racketeering
- News1 week ago
Okpebholo Calls Obaseki’s Stella Obasanjo Hospital Commissioning ‘Sham’