Why NSITF must be urgently repositioned as social insurance, By 'Tope Fasua

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Why create a Ministry of Humanitarian Affairs when we have NSITF? Why is NSITF under the Ministry of Labour?

Perhaps it was an idea muted by labour leaders. All the same, rather than this current status where the organisation is adrift, claiming to pay people who sustain accidents on the job , effectively narrowing its scope and responsibility and becoming a slush fund for labour leaders and politicians alike, on the sweat of innocent companies who pay yearly, the next government should notice this organisation as a very likely catalyst for great impact on the people.

But I pay. And so do hundreds of thousands of organisations. Why? Someone should compare the collections against their payout of liabilities and we will see that the margin is as wide as the Atlantic Ocean. Personally, I want to say that private companies do not have so much money to waste on NSITF.

Source: Insurance Report (insurancereport.net)

 

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