Tuesday, December 10, 2024

NSITF disburses N6.6bn compensation to employees

Yesterday, Nigeria Social Insurance Trust Fund (NSITF), revealed that since its establishment, the total reimbursement given to the employees is N6.6 billion.

It was on Wednesday, NSITF Special Compliance Day at the ongoing Lagos International Trade Fair that the Executive Director, Operations, Hon. (Mrs) Mojisolaoluwa Ali-Macaulay, stated that the fund is focused on members of small and medium enterprises (SME) owners for the enrollment of their workers.

She stated that adherence to this Act “is not only mandatory but essential for safeguarding the welfare of employees, serves as legal and financial protection for employers and boosts employee morale and productivity.”

 “We are glad to report that a good number of Employers nationwide have complied and keyed into the scheme and we are working tirelessly to ensure that those who are yet to comply will do so as we continue to offer guidance and training to help Employers and Employees understand their obligations under the law and how to meet them effectively.”

Blessing Ajoku
Blessing Ajokuhttp://naijatraffic.ng
Blessing Ajoku is a dedicated journalist with NaijaTraffic News, specializing in breaking news coverage on politics, business, and local developments. With a sharp eye for detail and a passion for delivering accurate, timely reports, Blessing provides in-depth analysis and keeps readers informed on key events shaping Nigeria and beyond.

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