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    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

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    France launches mandatory online visa appointments for travelers

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    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

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    FG increases private university application fee from N5m to N25m

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    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    MTN Nigeria to pay over N200 billion final dividend for 2022

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    Sovereign Trust Insurance Plc grows Profit after tax by 43%  in Q1 2021

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    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    NGX RegCo suspends Trading of Oando Plc shares

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    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

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    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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COAS increases troops’ daily feeding allowance from N1,500 to N3,000

Thursday, 27 February 2025, 6:37 pm
in News, Nigeria
0
COAS increases troops’ daily feeding allowance from N1,500 to N3,000
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Lieutenant General Olufemi Oluyede, Chief of Army Staff, has approved an increase in the daily Ration Cash Allowance for Nigerian Army personnel from N1,500 to N3,000, effective at the end of March.

He made this announcement on Wednesday while addressing officers and soldiers of the 81 Division at the 9th Brigade Parade Ground in Ikeja, Lagos, during his visit to inspect ongoing projects in the division’s area of responsibility. During his address, Oluyede expressed concern over the previous N1,500 allowance and assured the troops of his commitment to improving their welfare.

In addition to the feeding allowances, he acknowledged the housing challenges faced by warrant officers, many of whom do not have homes upon retirement. To address this issue, he highlighted the Nigerian Army’s housing initiative aimed at ensuring that retiring personnel have a place to live.

“I am going to build on what my predecessors have done in improving the welfare of our personnel. In December, under the Nigerian Army Housing Scheme, we unveiled the first set of houses in Abuja. As I speak, we are beginning a new set in Ibadan, and we have also secured land for additional housing developments in Jos. Furthermore, we are developing housing units in Port Harcourt, Owerri, and Akwa Ibom states,” he said. The housing scheme, he noted, offers affordable options for soldiers, with prices significantly lower than those in the open market.

“This will ensure a widespread distribution of houses that soldiers can subscribe to. You will all agree with me that there is nowhere in Nigeria where you can buy a two- or three-bedroom house for as low as N8 million. This is a significant investment by the Army to ensure you have a comfortable post-service life. We are accelerating the process so that more personnel can benefit.

I want you to believe in this system because it is worthwhile,” he added. Additionally, Oluyede announced a new low-interest loan scheme for soldiers, offering a 3% interest rate, which is far below commercial bank rates. “As for the loan scheme, it comes with just a 3% interest rate. If you go to banks, the lowest interest rate you will find is around 25%. We have deliberately kept our rate low to make it accessible. More funds will be injected into the scheme, so if you have pressing financial needs, you are encouraged to apply,” he explained.

However, he advised personnel to borrow only when necessary. “I want to advise that if you don’t truly need it or if you are not in urgent need, it’s best not to take it. It is easy to obtain but difficult to repay. That said, it is available to you; it is your right, and you can apply for it at any time. Once approved, you will receive it as quickly as possible,” he added. In response to complaints about soldiers purchasing their uniforms, Oluyede reassured the troops that the Army had begun distributing 100,000 kits per month. “We have allocated uniforms to smaller divisions. The next phase will cover the 82nd Division.

Once we complete distribution there, we will proceed here and issue more uniforms. I can assure you that before the end of the year, you will likely receive another set,” he said. He acknowledged the challenges in accessing military kits but assured personnel that efforts were underway to resolve the issue. Oluyede urged soldiers to remain dedicated to their duties, emphasizing that their commitment is essential to the Army’s success.

Vivian Ifunanya Gerald

Engineer, Entrepreneur, forex trader and Analyst

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