Senate Moves To Establish Social Security Fund For Vulnerable Nigerians

The Senate has passed a bill to establish the National Social Security Commission to put in place a National Social Security protection fund to cater for the unemployed, old-aged and under-aged children below 18 years from broken marriages.
The passage of the bill followed the consideration of a report by the Committee on Establishment and Public Service Matters.
Also covered in the bill are survivors resulting from the death of the family’s bread winner.
Chairman of the Committee, Ibrahim Shekarau (NNPP – Kano Central), in his presentation, said the bill seeks to provide the Legal and Institutional framework for the establishment of the National Social Security Commission for the regulation, management and administration of various social services and benefits to Nigerian citizens.
“Ultimately, the Bill Seeks to provide a comprehensive Legal and Governance framework for the proper administration and management of all-inclusive, integrated, preventive, promotive and transformative National Social Security regime that provides flexible sustainable periodic social benefits and grants to eligible indigent Nigerian Citizens that are within the scope of the Social Security (Minimum standards) Convention, 1952 (NO 102) of the International Labor Organization (ILO) and particularly Contingencies arising therefrom”, he said.