FG issues circular on mandatory employees’ compensation contributions by MDA’s

The Federal Government has issued a circular for the commencement of the mandatory contributions of one percent of the emoluments of all public servants to the Employees’ Compensation Scheme of the Nigeria Social Insurance Trust Fund, NSITF.

The circular stated that the Minister of Finance is directed to “deduct the contributions from source and remit same to the NSITF for the payment of claims and compensations to deserving beneficiaries for death, injury, disease or disability sustained in the course of duty as provided in the Employees’ Compensation Act, 2010, Act No. 13.” It further directed all ministries, departments and agencies to “ensure strict compliance with the circular.

The MD in a statement issued by the General Manager, Corporate Affairs of f the Fund, Nwachukwu Godson, was quoted as saying, “Yesterday, we received a circular from the office of the Secretary to the Government of the Federation, making it compulsory for 1% contribution from the total emoluments of public servants to be compulsorily remitted to the NSITF in view of the Employees’ Compensation Act.

She also stated that the fact that the current Federal Government has taken this “bold and great step means we are moving in the right direction.” Observing that the urgency given to securing a new office for the Abuja region and the FCT branch was in line with her commitment to decent work, Allagoa re-assured the workers of “rights at work, human dignity, social protection and dialogue in line with the Decent Work Agenda of the International Labour Organisation.

Source: Insurance Report (insurancereport.net)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JUST IN: NLC and TUC Shun Meeting with Federal GovernmentThe organised labour has shunned a meeting scheduled by the federal government as part of efforts to prevent a nationwide strike by workers.POLITICS NIGERIA reports that the Chief of Staff to the President, Femi Gbajabiamila, and the Minister of Labour and Employment, Simon Lalong, were meant to meet with Labour leaders at the Presidential Villa, …
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Work together to boost climate change investments, FG tells MDAsBolaji Akinremi, director of trade and investment in the federal ministry of foreign affairs, has urged ministries, departments and agencies (MDAs) to work together to further the climate change agenda.
Source: thecableng - 🏆 2. / 80 Read more »

Nigerian govt, firm launch initiative to provide three million persons with digital skillsMr Shettima said the federal government would continue to pursue an inclusive economy.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

''Stop playing politics with our lives'' - Northern leaders warn FG over secret negotiations with banditsNorthern leaders and stakeholders in the north have warned the Federal Government to stop playing politics with the lives following allegations that some government officials secretly negotiated with bandits in Zamfara without involving the state government. Governor Dauda Lawal of Zamfara had accused the Federal Government of sabotaging the ongoing fight against banditry in the …
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Enugu West Senator Seeks Federal Govt's Support For Gov Mbah's Water Supply DriveThe Senator representing Enugu West Senatorial District, Engr. Osita Ngwu, has called on the Federal Government to support Governor Peter Mbah's adequate
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Secret negotiations with bandits: Stop playing politics with our lives; Northern leaders warn FG, Zamfara govtNorthern leaders and stakeholders in the north have warned the Federal Government and Zamfara state government to stop playing politics with the lives of the people of the region...
Source: vanguardngrnews - 🏆 5. / 75 Read more »