Nigeria, March 5 -- The Federal Executive Council (FEC) has approved the implementation of a new Exit Benefit Scheme that grants retiring federal civil servants a gratuity equivalent to 100 per cent of their total annual emolument.

The scheme, which takes effect from January 1, 2026, is aimed at strengthening the welfare structure of the Federal Civil Service and ensuring that officers who have served the nation for at least 10 years retire with improved financial security.

This was disclosed in a statement issued on Thursday by the Director of Public Relations in the Office of the Head of the Civil Service of the Federation, Eno Olotu.

According to the statement, the approval followed extensive deliberations and technical recommendati...