Nigeria Social Insurance Trust Fund
Pushing frontiers of occupational safety
As the world of work becomes more sophisticated, so also is the degree of occupational danger workers are exposed to continues to increase. Indeed, the need for workers to be more careful in the workplace is also a message relevant stakeholders often pass to workers and their representatives.
10, 000 injured workers, survivors get N1b from NSITF scheme in eight years
The Nigeria Social Insurance Trust Fund (NSITF) has paid over N1billion to 10,000 injured workers and dependents of dead workers since the inception of the Employees Compensation Scheme (ECS) in July 2011.
NSITF processes over 11,000 disability benefits since inception
Since July 2011 when it began operations, the Nigeria Social Insurance Trust Fund (NSITF) has processed 11,000 disability benefits under its Employees’ Compensation Scheme (ECS). This amounts to over N200 million through arrears, one-off lump sum and monthly payments to the employees. Similarly, the scheme has also processed over 9,000 dependant/survivor benefits, which amounts to…
Unending struggle for soul of NSITF
Trouble began for the board of the Nigeria Social Insurance Trust Fund (NSITF) on Wednesday, March 9, 2018, when it was not a part of the boards that were inaugurated on that day. Indeed, the boards of National Directorate of Employment (NDE) where the Minister of Labour and Employment, Dr Chris Ngige is chairman, National…
ASUU flays attack on labour leaders over NSITF
Academic Staff Union of Universities (ASUU) has condemned the attack on labour leaders who were protesting on Wednesday against the non-inauguration of the Nigeria Social Insurance Trust Fund (NSITF) board at the Abuja residence of the Minister of Labour and Employment, Dr. Chris Ngige. Thugs, who were reportedly loyal to the minister, pounced on members…
NSITF, NECA to strengthen compensation scheme
The Nigeria Employers Consultative Association (NECA), and Nigeria Social Insurance Trust Fund (NSITF), have pledged to deepen their collaboration for the success of the Employees Compensation Scheme. Speaking when he received the out-going Director General of NECA, Olusegun Oshinowo, in Abuja, the Managing Director of NSITF, Adebayo Somefun, lauded NECA for providing the institutional…
NSITF begins training on digitalisation as ANAN lauds fund for improving staff welfare
The Nigeria Social Insurance Trust Fund (NSITF), has started a nationwide training of its staffers to prepare them for the take-off of its digital platform for the registration of companies, claims processing and payment of compensation. Speaking at a two-day workshop on Electronic Revenue Compliance, Claims and Compensation (ERC3) and change management, articulated the gains…
Pension contributors hit 8.04m, membership rises by 1.93% in Q1
First Quarter (Q1) E 2018 report released by the National Pensions Commission (PenCom), has shown a promising future for the industry following growth in the microeconomic sections in different sectors of the economy. According to PenCom, the pension industry recorded a 1.93 per cent growth in membership in Q1, up from 7.89 million contributors at…
Ngige writes Oshiomhole, set to inaugurate NSITF board
There are indications that the board of the Nigeria Social Insurance Trust Fund (NSITF) would be inaugurated before the end of July, the Minister of Labour and Employment, Chris Ngige disclosed. In a letter to dated 17th July 2018 with a reference number: No. ML.HMO/LAB/126/III/208 and addressed to the National Chairman of the All Progressive…
NSITF to create automated business module
Plans are underway by the Nigeria Social Insurance Trust Fund (NSITF) to create a fully automated business module to support the Federal Government’s agenda of creating a friendly environment for doing business in Nigeria.
Lawmakers bemoan absence of social security framework
The delay in signing of the Social Security Bill into law is a huge setback in the implementation process of social security programmes in the country, Chairman, House of Representatives committee on Labour and Employment, Honourable Onyewuchi Ezenwa has said.