Labour Congress over the appointment of the Chairman of the board of the Nigeria Social Insurance Trust Fund .It noted that NSITF is a hundred percent, Federal Government of Nigeria owned insurance parastatal, under the supervision of the Federal Ministry of Labour and Employment, designed for the purpose of insuring workers in the public and private sectors.
“These were contributions by the Employers – viz government and the private sector for payment of compensation to workers and even to Employers for loss of man-hours by their workers. “The appointment of the Chairman of this board, which is in consonance with Sec. 4 of the NSITF Act CAP N88 of 2004 was also approved by Mr. President since 23rd July, 2018 on the recommendation of the Hon. Minister.
“Others also approved as Non-Executive Directors are two members to represent the Nigerian Labour Congress , two members to represent the Nigerian Employers’ Consultative Association and one member each to represent the Central Bank of Nigeria and the Federal Ministry of Labour and Employment. Members of this board are to be formally inaugurated at 9 a.m. on Monday, May 13, 2019 by the Hon. Minister of Labour and Employment at the Banquet Hall of the Presidential Villa, Aso Rock, Abuja.
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