Business a.m.

NSITF pitches social insurance to business owners in Delta State


THE NIGERIA SOCIAL INSURANCE TRUST FUND MANAGEMENT BOARD (NSITF) has pitched social insurance to business owners in Delta State advising them to enrol their staff for the social insurance cover provided by the fund.

Austin Enajemo-Isire, chairman of NSITF made the pitch during an interactiv­e session with business owners for Warri and Asaba region in Ughelli South local government area of the state, where he stated that business owners with three employees or more could enrol for the Employees Compensati­on Scheme to enjoy the benefits.

He noted that issues tied with the scheme have been laid to rest following the inaugurati­on of new managers by the federal government, which has reposition­ed it with the executives and management board to deliver on its mandate.

Enajemo-Isire stated that the business interactiv­e session was in line with the recently approved work plans to change the narratives with a view to realising the vision and mission set by the federal government.

“These actions by the new team were meant to positively project NSITF to business communitie­s and critical stakeholde­rs for better appraisal of its activities, functions, strategic relevance as well as to develop radical business frontiers to enhance acceptance and participat­ion in the attainment of the targeted goals.”

Recalling that the origin of

NSITF could be traced to its establishm­ent in 1961 as Nigerian Provident Fund (NPF), he added that transforma­tion into NSITF came into play in 1993 when a new law was enacted.

“The benefits of getting enrolled in a social insurance scheme such as this cannot be overemphas­ized. The scheme is set out to provide social protection that guarantees fair and adequate compensati­on to any staff who suffers occupation­al hazard while in active service of a registered employer or organisati­on,” he said.

The NSITF chairman further appealed to traditiona­l rulers to liaise with business tycoons to ensure businesses register their organisati­ons and enrol their members of staff in the social insurance protection cover.

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