Business
NAICOM Tasks NLC On Workers’ Insurance
The National Insurance
Commission (NAICOM) has said that it was compulsory for all employers of labour to provide life insurance policy for their workers.
The Commissioner for Insurance, Mr Daniel Fola, said this in Abuja when he visited the President of Nigeria Labour Congress (NLC), Mr Abdulwaheed Omar.
Fola said that Section 9 (3) of the Pension Reform Act (PRA), 2004, made it mandatory for employers of labour, with more than four employees, to take the group life insurance policy for the workers.
He, however, lamented that state and local governments as well as private employers had refused to comply with the law.
Fola solicited the support of NLC in getting employers to comply with the law on workers’ insurance.
“The Pension Reform Act, 2004, is a national legislation, not a federal law that is binding only on the Federal Government.
“It is worrisome to note that only the Federal Government is fully compliant as it currently insures all its workers under the group life insurance scheme,” he said.
“The problem now is with states and local governments as well as the private sector operators, who attach little or no importance to the welfare of families of their workers,’’ Fola said.
“One of the objectives of the NLC, which is in sync with the Pension Act, is the enhancement of the quality of life of Nigerian workers and the welfare of their families.
“The NLC should look at this situation and institute remedies aimed at getting the states, local governments and private sector employers to comply with the law,” he said.
Responding, the NLC President, expressed the readiness of the congress to partner NAICOM to get defaulting employers to comply with the law.
Omar suggested the setting up of a joint committee by NLC and NAICOM to streamline efforts in that direction, saying, “the Nigerian worker is at the lowest level of the ladder when it comes to the issue of welfare.
“But the truth of the matter is that workers are the ones most in need of protection because of the critical role they play in national development.
“I assure you that we will partner with NAICOM in this laudable effort to engage employers of labour on behalf of Nigerian workers”.
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
Business
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
Business4 days ago
CRG Partner JR Farms To Plant 30m Coffee Seedlings
-
Foods/Drinks5 days ago
What To Know About Your Menu
-
Niger Delta4 days ago
Don Highlights On The Potential Of Groundwater As Hidden Wealth For Sustainable Future
-
Rivers4 days ago
Four Internet Fraudstars Get Different Jail Terms In PH
-
Opinion4 days ago
Restoring Order, Delivering Good Governance
-
Business4 days ago
PH Women Plan Alternative Stew, Shun Tomato High Prices
-
Sports4 days ago
Nigerian Athletes Serving Doping Bans
-
Niger Delta4 days ago
NDLEA Intercepts 584.171kg Hard Drugs In Bayelsa … Arrests 559 Suspects