The Nigerian Social Insurance Trust Fund (NSITF) has paid N226.96 million as compensation to some registered employees in its Enugu region from January 2022 to December 2024 for work-related deaths,  injuries, diseases and disabilities.

The managing director of NSITF, Oluwaseun Faleye, gave the figure in his address during the fund’s special day at the ongoing Enugu International Trade Fair. The Enugu branch manager of NSITF, Uzoamaka Oraebgu, represented him.

He said NSITF provided financial compensation to deceased employees’ dependents to the tune of 90 per cent of total remuneration in case of death.

The managing director said the organisation provided the compensation under the Employees Compensation Scheme (ECS) of the federal government.

He said the ECS also provided for rehabilitation of injured employees or counselling services to help them return to work.

“There is also compensation for injuries occurring outside the normal workplace but occurring in the course of work.

“In view of the aforementioned ECS benefits, it is worthy to mention that NSITF recently paid the sum of N25 million as compensation for ECS purposes to a staff of the National Assembly.

“It may also interest you to know that the fund has so far paid the sum of N226,975,582.97 as compensation to some registered employers.

“The ECS is funded by payment of one per cent employee’s total emolument by the employer to the NSITF,” he said.

In his address of welcome, the president of the Enugu Chamber of Commerce, Industry Mines and Agriculture, Odeiga Jideonwu, praised NSIFT for providing fair and guaranteed compensation for registered employees.

He said that NSITF’s regulatory role had continued to keep employers on their toes in providing safe working environments, which he described as key to improved productivity.

Mr Jideonwu urged the organisation to do more to promote workplace safety through inspections, capacity-building workshops and awareness campaigns. 

(NAN)