Bello Matawalle, minister of state for defence, disclosed this on Friday in a statement by the ministry’s spokesperson, Henshaw Ogubike.
The government also approved the payment of three months’ salary arrears.
Additionally, he has released funds to clear outstanding pensions and entitlements owed to retired military personnel.
The minister confirmed that alerts for the three-month salary increase have begun reaching military personnel, signalling a significant morale boost for the armed forces.
He lauded Tinubu’s unwavering commitment to both serving and retired members of the military, emphasising that addressing pension arrears for retirees remains a priority.
“Despite initial setbacks, be rest assured that the President will do everything within his power to uplift our military forces as they confront the challenges of insecurity” he stated.