We dispensed benefits to 20,531 Nigerians in 1yr –NSITF

 4th June 2024


THE Nigeria Social Insurance Trust Fund (NSITF) says it has worked to dispense benefits to 20,531 Nigerians in the last one year.

This was disclosed in a statement issued by its spokesperson, Nwachukwu Godson, at the end of the second edition of its monthly online Management Performance Review (MPR), recently held in Abuja.

Godson  said that in addition to its proactive approach to social security, NSITF has prioritised occupational safety and health, conducting over 5,592 exercises to prevent workplace accidents.

He said the Fund has embraced its role as a leading social security institution, leveraging over six decades of experience to positively impact the lives of thousands.

According to the spokesperson, the impact of NSITF’s efforts reverberates across diverse sectors, with beneficiaries ranging from construction companies to banking institutions.

He added that through disability benefits to medical expense refunds, NSITF has ensured that those in need receive vital assistance, fostering a culture of inclusivity and support.

He said NSITF’s outreach extends beyond traditional boundaries, with a strategic focus on the informal sector, which encompasses over 80% of Nigerians.

“Being a leading social security institution with over six decades in the sector confers on us, a huge role  in the actualisation of the Agendum No. 6 of the 8-point agenda of President Bola Tinubu on the enhancement of human capital through social investments. While the NSITF reached out to  103, 000 injured workers with different categories of  social security benefits in 12 years (2011 and 2023), the current management of the Fund widened the outreach with an extensive inroad, dispensing benefits to an unprecedented 20,531 persons under different baskets of claims and compensations in one year (March 2023- May 2024).

“We reviewed the staff conditions of service which has been in use for nearly  30 years and  introduced  a new integrated salary structure, approved by the National Salaries, Incomes and Wages Commission, promptly paying the N35,000 minimum wage award.”

The statement further stated that the management implemented a corruption-free computer-based promotion examinations and promoted a total of 1671 staff in 2023 while also transiting the staff performance evaluation from APER to a more pragmatic Performance Management System.


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