NSITF employs over 1,000, others revamped
The Nigerian Social Insurance Trust Fund (NSITF) has said that between 2015 and 2019 it employed 1,051 members of staff and that within two years of the current administration, it has rehabilitated 42 persons, making a total of 54 since implementation of the scheme in 2011. The Managing Director/Chief Executive Officer of NSITF, Barr. Adebayo […]
From left to right: The General Manager, Administration of Nigeria Social Insurance Trust Fund (NSITF), Segun Basorun, Managing Director/Chief Executive of NSITF, Adebayo Somefun and Consultant to NSITF on Claims and Compensation, Stephen Bathana during an interactive retreat with the media in Lagos.
The Nigerian Social Insurance Trust Fund (NSITF) has said that between 2015 and 2019 it employed 1,051 members of staff and that within two years of the current administration, it has rehabilitated 42 persons, making a total of 54 since implementation of the scheme in 2011.
The Managing Director/Chief Executive Officer of NSITF, Barr. Adebayo Somefum, said this while delivering a speech at the NSITF/Media Interactive Retreat held in Lagos. Barr. Somefum expressed delight that they had delivered the promise of the present administration; to create jobs for Nigerian youths and give opportunities for growth, and noted that more than 200 training programmes were conducted and more than 5,000 members of staff benefited from the training programmes within two years of the current administration.
He said the fund would continue to collaborate with the Nigeria Employers’ Consultative Association (NECA) and the Ministry of Labour and Employment in the NSITF-NECA Safe Workplace Intervention Project (SWIP).
He added that the fund was presently implementing a procurement policy and solidifying partnership with the Bureau of Public Procurement (BPP) as employees’ compensation was their primary function.
The employer, government or private/individual is required to pay only one per cent of total payroll of the employees to the NSITF, then it becomes the duty of NSITF to carry the burden which otherwise would have gone to the employer where there is a workplace injury, death or disability.
Somefum emphasised that failure to do so amounted to a breach of the law.