NSITF’s employee compensation scheme addresses 65,923 claims in 10 years – Manager

NSITF’s employee compensation scheme addresses 65,923 claims in 10 years – Manager

The Nigeria Social Insurance Trust Fund (NSITF) says its Employee Compensation Scheme (ECS) has addressed a total of 65,923 claims in 10 years.

 

Mr Abdul-Lateef Musa, Regional Manager, NSITF Lagos Region, said this in Lagos on Thursday at the 36th edition of the Lagos International Trade Fair.

 

The fair, organised by the Lagos Chamber of Commerce and Industry (LCCI), has “Connecting Business and Creating Values” as its theme.

 

Giving a breakdown of the claims, Musa said that Medical Expenses Refund (MER) was paid to employers on 7,293 cases, while claims on loss of productivity were paid to 2,690 employers.

 

“Death benefits to Next of Kin (NOK) beneficiaries of deceased employees totalled 23,535; disability benefits to disabled employees were

29,018; retirement benefits, 3,314; further medical treatment abroad, 11; prostheses and rehabilitation, 60; all adding to 65,923 cases,” he said.

 

Musa said that the ECS was a mandatory scheme that entailed monthly contributions by employers of labour, with the aim of protecting all workers from work-related injuries, disabilities and death in the course of work.

 

He said that the ECS was mandatory for the formal and informal sectors, while the contribution was one per cent of the monthly emoluments of workers, payable by the employer of labour for employee benefits.

 

He said that the scheme involved a fair system of guaranteed and adequate compensation for all employees or their dependents for any death or injury, while the employers were relieved of heavy burden of solely taking care of injured workers.

 

He said that under the scheme, payment to injured workers were made regularly without recourse to employers, no matter the amount; while harmonised industrial relations between labour groups and employers were enhanced.

 

Musa noted that NSITF, a parastatal agency under the Federal Ministry of Labour and Employment, was the prime social security institution in Africa and its mandate was the ECS, as contained in the Employee’s Compensation Act (ECA 2010).

 

Dr Michael Akabogu, Managing Director of NSITF, said that in efforts to drive a speedy and efficient service delivery, the Fund had invested in expansion projects and upgraded its information technology platform.

 

He said that in view of this, NSTIF now had presence in 11 regions, with 56 branches across the nation, to ensure easy accessibility by all employees and employers of labour.

 

“The Employee’s Compensation Act 2010 enacted by the Federal Government is aimed at protecting of the Nigerian workforce and the Act empowers NSITF to implement the ECS.

 

“A good number of employers nationwide have keyed into the scheme and we are working tirelessly to ensure that those yet to join will do so,” he said.

 

Mrs Toki Mabogunje, President, LCCI, stressed that the future of workers was expected to deviate largely from what it was today, as the main emphasis would be on workers’ health and safety.

 

She said that while employers were grappling with this reality, institutions like the NSITF should take the role of a regulator or enabler.

 

“Workers are very important today than they were 30 to 50 years ago, so the work of the NSITF is very important on how they provide welfare for these workers,” he said.

 

Mabogunje urged the management of the NSITF to deploy more technology in its operations to make things more efficient.

 

She added that the NSITF could work with insurance firms in helping organisations to protect and manage health safety risks, by providing specific advice and guidance on the processes involved.

 

The LCCI president called for more public enlightenment to create the needed awareness among the citizens on the work of the NSITF and how the people could benefit from the Fund.

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