Nigeria Social Insurance Trust Fund
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.
‘New technology to save $1b from tomato paste import’
Erisco Foods Limited, a member of Erisco Bonpet Group has stated that Nigeria will save over $1 billion with the utilization of its new tomato paste technology.
NSITF boss seeks creation of fund for IDPs
The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Ismail Agaka, has called for the creation of a Special Fund to provide succour to the Internally Displaced Persons.
NSITF seeks abolition of ad hoc bodies to implement social protection initiatives
The Nigeria Social Insurance Trust Fund (NSITF) has blamed the slow penetration of social protection initiatives amongst Nigerians on the establishment of ad hoc bodies and proliferation of agencies with similar mandates.