Leadership
As part of its mandate, the Nigeria Social Insurance Trust Fund (NSITF) will now be saddled with the responsibility of providing social security to the aged and unemployed in addition to the implementation of Employee Compensation scheme.
This is contained in a new amendment, which was passed by the two chambers of the National Assembly on the 14th January 2015, and is expected to be presented to President Goodluck Jonathan for assent.
Speaking on the expanded mandate, Chairman, Board of directors of NSITF, Ngozi Olejeme, credited the step to the unrelenting effort of President Jonathan to improve the welfare of workers and vulnerable groups.
She said: “The Board would like to extend its appreciation to both the Senate and House of Representatives for this massive boost. We know that the President will assent to the bill once it is presented to him. The implementation of the employees’ compensation scheme by the NSITF was an idea that was very dear to Mr. President. He wanted to ensure that workers that sustain injuries in the course of their duties are no longer left to their fate. The signing of the new national minimum wage law without hesitation shows that he is committed to bettering the lives of the Nigerian workers. These addition responsibilities of providing some forms of social safety net to unemployed and aged person will be done with passion and dedication.
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