The Chief of Army Staff, Lt. Gen. Olufemi Oluyede, has announced an increase in the daily Ration Cash Allowance (RCA) for Nigerian soldiers. The allowance will rise from N1,500 to N3,000 per month, starting at the end of March.
Lt. Gen. Oluyede made this announcement while addressing officers and soldiers of the 81 Division of the Nigerian Army at the 9 Brigade parade ground in Ikeja Cantonment, Lagos. He emphasized that the welfare of troops remains a top priority for the Army.
In addition to the allowance increase, he also introduced a loan facility with a three percent interest rate for soldiers. This initiative is part of ongoing efforts to improve the financial well-being of military personnel.
Lt. Gen. Oluyede visited Lagos as part of his inspection tour of project sites within the 81 Division of the Nigerian Army. His visit highlights the Army’s commitment to enhancing soldiers’ welfare and ensuring better conditions for troops across the country.
“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. It comes with just a 3% interest rate. If you go to banks, the lowest interest rate you will find is around 25%.
“However, I want to advise that if you do not truly need it, or if you are not in urgent need, it is best not to take it. But 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.”
“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. And as I speak, we are beginning a new set in Ibadan, Oyo State.
“We have also secured land for another set in Jos, Plateau State. Additionally, we are developing housing units in Port Harcourt, Rivers, Owerri, Imo and Akwa Ibom State. This will ensure a widespread distribution of houses that soldiers can subscribe to.”
We are accelerating the process so that more personnel can benefit. I want you to believe in this system because it is worthwhile. This is a significant investment by the Army to ensure you have a comfortable service life.”
