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Registration Under ECS Hits 6.7m – NSITF

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The Nigeria Social Insurance Trust Fund (NSITF) has said a total number of 87,179 employers have so far been registered under the Employees Compensation Scheme (ECS) to affirm their compliance with the Employee Compensation Act 2010.

Speaking in Lagos during an interactive session with journalists, MD/CEO of the Fund, Barr. Adebayo Somefun said the number covers more than 6.7 million employees.

According to him, the increase in registration has thus far accounted for a 35% increase contribution collection.

Somefun said the increase in number of contributions followed several compliance measures put in place by the management of the Fund.

He said, “In order to boost statutory compliance by employers of labour and to shore up contributions so that a meaningful Employees’ Compensation Scheme can be provided to Nigerian workers, the present management sought the assistance of the House of Representatives. Consequently, the House moved a motion to enforce compliance to the ECS and two public hearings have been held on the motion.”

Reeling out the benefits of the ECS, the NSITF boss said in the last two years since the present management team took over, 24,880 claims and compensation have been paid to beneficiaries under different contingencies. He said this is a record in the history of the Fund.

He said, “Within two years of our administration, NSITF has rehabilitated 42 persons, making the total of 54 since implementation of the scheme in 2011. This process entails providing prosthetic limbs for employees who lost a limb in accidents while at work and training such employees on the usage of the artificial limbs. We have also provided hearing aids to some victims.

“Other beneficiaries in the last two years include: 347 dependents on monthly payroll as at February 2019, 448 disability beneficiaries on monthly payroll as at February 2019;20 persons above the age of 55 years have been paid lump sums on a one-off basis.”

He explained that the ECS provides social security for employees who sustained injuries in the course of employment, or their dependents in case of death; it further encourages occupational safety and health standards in the workplace.

He said registration of employers in the scheme is now completed within one day, while yearly Compliance Certificate is issued within 7 days of request. He, however, said certificates would soon be printed online.

He said all claims and compensations, including death benefits, are paid within 14 working days upon application.

He said, “In addition, the Fund embarked on the digitalization of registration and payment records of all existing contributors to the Fund in line with global best practices. This has helped us track contribution history, identify defaulters and craft responsive strategies to boost collection nationwide.”

 

 

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