The Federal Executive Council (FEC) has approved N9.24 billion for the 2022/2023 Group Life Insurance cover for public servants.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the week’s Council 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 Folashade Yemi-Esan, explained that the insurance is meant to cover all government officials. Council approved the total sum of N9.24 billion for insurance cover for 2022 to 2023.
