The Nigeria Social Insurance Trust Fund (NSITF) has pledged to maintain transparency and ensure the continued efficiency and effectiveness of its compensation scheme to meet the needs and expectations of Nigerians.
The agency, through its Employees’ Compensation Scheme (ECS), provides financial assistance to workers who suffer job-related injuries or illnesses, helping them and their families cope with emotional and financial challenges. The ECS also supports the rehabilitation of affected employees, facilitating their recovery and reintegration into the workforce.
As part of its ongoing efforts, the NSITF announced it has recently disbursed over N172 million in compensation to seven beneficiaries from various organizations under the ECS.
This was disclosed in a statement signed by the Fund’s Deputy General Manager of Corporate Affairs, Alex Mede, quoting NSITF Managing Director, Oluwaseun Faleye, during the inaugural International Civil Service Conference held in Abuja on Wednesday.
Faleye assured Nigerians of the Fund’s capacity to provide meaningful financial relief in times of need. “Our support is robust enough to cushion the effect of unfortunate incidents when they occur,” he said.
He emphasized NSITF’s dedication to service and transparency, stating, “We rededicate ourselves to advocating the benefits of the Scheme and ensuring it remains efficient and effective. Above all, we promise to be accountable with the resources entrusted to us for compensation and rehabilitation.”
Providing further insight into recent payouts, Faleye highlighted that the Fund disbursed N25 million to a National Assembly employee for a work-related injury and N18.65 million as death benefits to the family of a deceased staff member of the Planned Parenthood Federation of Nigeria.
In the coming week, additional compensation payments will include:
- N31.1 million to an employee of Nestle Nigeria Plc
- N4.9 million to a Polaris Bank Limited employee
- N15.4 million to a Medplus staff member
- N86 million to a worker at Mobil Producing Nigeria
- N15.6 million to a Zenith Bank Plc employee
- N7.8 million to a staff member at Alexander Marius Investment Limited
- N11.7 million to a Unity Bank Plc employee
Despite these successes, Faleye expressed concern over the scheme’s poor implementation in the public sector, particularly at the state and local government levels.
“Imagine the number of our colleagues in the public sector who could benefit from this Scheme if it were fully institutionalized across all tiers of government,” he remarked.
He urged civil servants nationwide to embrace the NSITF’s social safety net for a stronger, more resilient workforce. “Activating this safety net will empower staff to give their best in driving the transformation of our society,” Faleye concluded.
