FG boosts group life assurance allocation by 80% to N17.31 billion.

The Federal Government has increased group life assurance allocation by 80% in the proposed Appropriation Bill for 2025, raising it to N17.31 billion.

The Federal Government has announced a significant increase in its allocation to group life assurance for 2025, with the proposed budget now earmarking N17.31 billion under the service-wide votes. This represents an 80% hike from previous years, marking a substantial boost to support the country's workforce and pensioners. The increased allocation is part of the proposed Appropriation Bill for 2025, which aims to provide a stable financial framework for the nation's operations.