The Managing Director /Chief Executive officer of the Nigeria Social Insurance Trust Fund (NSITF) has said the management of the Nigeria Social Insurance Trust Fund (NSITF) has disclosed that the Fund has successfully commenced the digitisation of registration and payment records of all existing contributors to the Fund.
This is just as he assured employees of the Fund improved welfare provision in the new year.
Somefun in his new year message to the staff of the Fund said the management ensured that result of the staff promotion examination conducted in 2016 was released with deserving staff promoted accordingly. He added that the management also set up the proper placement committee to ensure that deserving staff are properly placed where they rightly belong in the hierarchy of the organisation.
According to him, data digitisation is the first and most important step in tracking contribution history, identifying defaulters and crafting responsive strategies to boost collections nationwide.
He said the exercise has been completed in Abuja branches and all branches in Lagos and Ibadan Regions. He assured that in the coming months, the digitisation project will extend to branches in all other Regions
He said as part of plans to enforce compliance to the Employees’ Compensation Act (2010), the House of Representatives in 2017 moved a motion to enforce compliance to the ECS. According to him, two public hearings have been held so far.
The NSTIF boss said when he assumed office in May 2017, he came up with a four-point agenda for the good of the organisation.
He said the agenda includes, raising the revenue base of the organisation to effectively meet its statutory responsibilities; Re-branding NSITF through aggressive campaign to improve acceptance and patronage by the various stakeholders; and motivation of staff through improved staff welfare provision.
He commended the employees for putting their best and being dedicated despite the scarcity of resources
He said, “Management has succeeded in paying part of the Furniture Allowances of staff which has been pending since 2012, despite paucity of funds. Three tranches of payment of the Furniture Allowance have already been paid to all qualified staff. We promise to resume payment in the New Year and clear all outstanding as the Fund’s financial position improves.
“Management ensured that result of the staff promotion examination conducted in 2016 was released. In addition, we set up the proper placement committee to ensure that deserving staff are properly placed where they rightly belong in the hierarchy of the organisation. The Proper Placement Committee are still working on the exercise with a view to doing a thorough and proper job. We believe by the time they come up with their recommendations, smiles would be put on the faces of all aggrieved staff which will further motivate them to put in their best for the good of the Fund.
“As part of our vision to improve upon the operations of the fund in the area of conducive working environment for the staff in all the branches, Management had continued to save N100 million every month in Capital Expenditure (CAPEX). This money has been used to ensure that at least some of these items are received by the branches:- Generators, furniture, desk Top Computers, Laptops, Refrigerators, Photocopiers, Air Conditioners and Safety Gears”
He said in line with the management’s agenda on promoting transparency and accountability, some notable steps taken in this direction include implementing a procurement policy, solidifying our partnership with the Bureau of Public Procurement (BPP).
According to him, the implication of these actions are that every procurement process must now be advertised, formal bidding held and award made to the most competent, cost-friendly bidder.
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