, disburses N6.6 billion compensation to employees.){kind=link}
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.”