FG pays N1.1bn additional exit benefits to 175 retiring civil servants - Businessday NG

adsThe Federal Government has paid about N1.1 billion in additional exit benefits to 175 civil servants who retired from Treasury-funded ministries, departments and agencies (MDAs) between January 1 and August 31, 2026.

The payment is being made under the Federal Government Exit Benefit Scheme (EBS), approved by the Federal Executive Council and effective from January 1, 2026.

According to a statement by the National Pension Commission (PenCom) on Friday, Under the scheme, federal civil servants who have served for at least 10 years are entitled to an additional exit benefit equivalent to 100 percent of their total annual emolument at retirement, alongside their pension benefits under the Contributory Pension Scheme (CPS).adsads

“The Federal Government has commenced the payment of Additional Exit Benefits to retirees of Treasury funded Ministries, Departments and Agencies (MDAs), with approximately N1.1 billion already paid to 175 retirees who exited the Federal Public Service between 1 January and 31 August 2026.adsads

“The payment is being made under the Federal Government Exit Benefit Scheme (EBS), approved by the Federal Executive Council and effective from 1 January 2026,” the statement read