Nigerian Govt Okays Digitisation Of National Social Insurance Trust Fund (NSITF)
Federal Government has approved the digitisation of the services of the National Social Insurance Trust Fund (NSITF), which is now to be known as the e-NSITF.
This was approved by the FEC yesterday in a meeting presided by President Muhammadu Buhari at the Council Chamber of the State House, Abuja. NAIRAMETRICS reports.
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Chris Ngige, Labour Minister announced the approval in a press briefing yesterday.
“The ministry presented two memos to the council today. The first memo was presented on behalf of our parastatal, the Nigeria Social Insurance Trust Fund (NSITF).
“As you’re aware, a lot has happened in the NSITF in terms of revenue losses and plunder of funds that have been given to that organisation”. Information Guide Nigeria
“The NSITF implements the Employee Compensation Act ECA 2010 and by that Act, employers in both public and private sectors are supposed to pay 1% of the emoluments of their staff into a social fund in NSITF”. jamb results
“And this one is to be used as a premium or insurance fund to cater for workers or staff members who have accidents, injuries, disabilities, and even deaths that occur in the cause of their work.
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“So, today we brought to council a memo for an e-NSITF by which their operations will now be digitalised.
“So, in the comfort of your office, you can pay and register on that platform and that money is now tracked into a Central pool, from where claims are made and payments are also made for the insurance of those who are beneficiaries, you also track them.” He added.