Business
NSITF Pays N212m Claims To 1,964 Workers
The Nigeria Social Insurance trust Fund (NSITF) has said it paid N211.92 million as claims to organised private sector employees between January 2011 and February 2015.
According to a statement signed by Mrs Ngozi Olejeme, Chairman of the fund, made available to The Tide source in Lagos, the claims cover 1,964 employees.
A breakdown of the claims showed that N37.41 million was paid between June 2011 and December 2012 employees while 593 employees received N75.80 million in 2013.
NSITF also said that N80.83 million was paid to 967 employees in 2014 while 193 others got N17.84 million between January and February this year.
It reported Olejeme as saying that the fund had, since inception, upheld the mandate given to NSITF by the Employees Compensation Act (ECA).
“The huge claims paid so far revealed the fund did not neglect Nigerian workers.
“The injured had enjoyed rehabilitation or compensation through NSITF,” she said.
Olejeme, it said, pledged to revitalize and strengthen the fund to meet Nigerian workers’ needs.
“Henceforth, the synergy between the fund and the Federal ministry of Labour and Productivity, particularly the factories inspectorate division, would increase.
NSITF was established by Act No. 73 of 19993, to replace the defunct National Provident Fund.
Its mandate, among others, include the provision of social insurance scheme for employees in the organised private sector.
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