NSITF pays N142.7m death benefits, workers’ compensation
18 May 2021 |
2:22 am
Injured workers and next of kin of dead workers received over N142.7 million compensation under the Employees Compensation Scheme (ECS) run by the Nigeria Social Insurance Trust Fund (NSITF).
Nigeria Social Insurance Trust Fund (NSITF) office. Photo: FACEBOOK/
Injured workers and next of kin of dead workers received over N142.7 million compensation under the Employees Compensation Scheme (ECS) run by the Nigeria Social Insurance Trust Fund (NSITF).
The total payment covered medical expenses, loss of productivity, disability and death benefits to 2,858 workers between January and March this year.
A statement by the Fund said such compensation goes to workers whose employers adhere to the legal requirement to register with the NSITF and inform the Fund of calamities.
A breakdown of the beneficiaries showed that 19 workers in January and 21 workers in February benefitted from the Medical Expenses Refund (MER), while Loss of Productivity (LOP) benefits was paid out to 11 workers in January and 13 in February.
One employee’s next of kin was paid Death Benefit in January, and 1,056 others were similarly paid in February 2021.
For Disability Benefits to incapacitated employees, five workers were compensated in January while 1, 319 beneficiaries were paid in February.
For March, the total compensation paid out was N21, 592, 444.85 to 413 claimants, including 32 persons for medical expenses; 18 death benefits; 18 for disability benefits; 12 for loss of productivity; and pension for 328 disabled employees.
The Acting Managing Director of the NSITF, Dr. Kelly Nwagha, reminded workers and employers that prevention through health and safety regulations in workplaces remain a priority.
He challenged those who are yet to register with the NSITF to do so, as it not only makes them patriotic corporate citizens but boosts the productivity of their workers with the assurance that help would come their way when accidents occur .
Nwagha said the Fund paid over N4 billion in compensation to workers for workplace injuries, diseases and deaths through the ECS since 2011.
He explained that only one per cent of the employees’ emoluments are required to be contributed by the employer every year for them to benefit from the scheme.
He also clarified that workers are exempted from the contributions as only their employers are required to provide the money as a premium to ensure their employees enjoy the no-questions-asked compensations.
Nwagha said his management team has a zero-tolerance for corruption, and institutionalised staff discipline and orderliness leading to improved staff morale, productivity and loyalty.
Nwagha said the management has settled the backlogged furniture and dressing allowances of staff in the first quarter of 2021.
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