NASS Seeks Amendment To NSITF Act

National Assembly (NASS) has called for an amendment to the Employees Compensation Act 2010 to strengthen the Nigeria Social Insurance Trust Fund (NSITF) and align its processes with current realities.
The clerk of NASS, Sani Magaji Tambawal, made the call yesterday in Abuja when he received a delegation from the headquarters of the NSITF on an advocacy visit.

Tambawal, who was represented by the deputy-clerk, Kamoru Ogunlana, said the amendment was important in view of the dynamic responsibilities entrusted to the fund and pledged the support of the National Assembly bureaucracy towards it.

According to a statement issued by NSITF, general-manager, corporate affairs, Nwachukwu Godson, the clerk said this was important to eliminate complaints arising from the inability of injured workers to access prompt relief but commended the fund for its contributions to the workers’ welfare.
In a response, the NSITF executive-director of finance and investment, Adegoke Adedeji who represented the managing-director, Maureen Allagoa, said the NSITF would remain committed to the discharge of its mandate and promised that all the concerns raised would be promptly tackled.

Clearing the ambiguity over the Pension Fund and the role of the NSITF, Adegoke explained that the Pension Reform Act of 2004 severed all pension responsibilities from the NSITF and handed all to PENCOM.