President Bola Tinubu has approved salary increases of between 30 and 80 per cent for personnel of Nigeria’s Armed Forces, raising the annual wage bill from N660 billion to N924 billion.
The President, in a statement on Tuesday, said about 250,000 personnel will benefit from the new pay package which takes effect from September 1.
Under the new arrangement, officers above the rank of colonel will get a 30 per cent increase. Personnel from colonel down to warrant officer will have a 50 per cent increase, while those from Private to Staff Sergeant will get an 80 per cent increase.
The statement also quoted President Tinubu to have always praised the courage and sacrifices of members of the armed forces as they confront the scourge of banditry, kidnapping and terrorism in some parts of the country.
“The men and women who help to keep us safe in our homes must be supported and appreciated in the course of their duties to our nation.
The statement said: “Our administration will continue to prioritise troop welfare and modernise the armed forces by providing the weapons and technological tools needed to discharge their duties.
“Our administration believes that no nation can achieve greatness without security. We therefore remain resolute in mobilising all military and law enforcement assets to eliminate security threats and protect the lives and property of all Nigerians
“ I urge our servicemen to take our gesture as a sign of our deep appreciation of the services they render to our fatherland. Together we shall prevail over the enemies intent on destroying the fabric of our nation”.
